Insights
Exploring the science of tactical momentum and market regime detection.
Backtesting 101: How to Evaluate a Momentum Strategy Without Fooling Yourself
Backtests can make weak strategies look brilliant when bias, overfitting, and unrealistic costs slip in. Here's how to read momentum strategy results without fooling yourself.
The Psychology Behind Momentum: Why Market Anomalies Persist
Momentum has been documented for decades, yet it still works. Behavioral biases like anchoring, herding, and the disposition effect explain why markets keep underreacting and overreacting.
The Evolution from GEM to Modern Tactical Strategies (HAA, DAA, and Beyond)
GEM made dual momentum mainstream, but its weak spots pushed researchers toward broader and more defensive systems like DAA and HAA. Here's what changed, why it changed, and what the newer strategies actually improve.
Dual Momentum Explained: The Strategy That Made Gary Antonacci Famous
Gary Antonacci's Dual Momentum strategy combines relative and absolute momentum into a simple monthly ETF system. Here's how GEM works, why it became the benchmark for tactical investing, and where it struggles.
Absolute vs. Relative Momentum: Why You Need Both
There are two types of momentum — one picks winners, the other keeps you out of trouble. Here's why combining both into a dual momentum strategy delivers better returns with less risk.
Understanding ETFs: The Building Blocks of Momentum Strategies
ETF basics — what they are, why they work well for momentum (low cost, diversified, liquid). Covers the key ETFs used in reblnc strategies (SPY, VEU, AGG, TIP, sector ETFs).
Why Buy-and-Hold Isn't Enough: The Case for Tactical Investing
Buy-and-hold is a great starting point, but market crashes expose its weaknesses. A rules-based tactical system can protect your portfolio when it matters most.
The Simplest Idea in Investing (That Most People Ignore)
Momentum investing is one of the most reliable patterns in financial markets. Assets that have been rising tend to keep rising. Here is why it works and how to use it.
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