Forget Risk-Parity... ignore volatility-targeting... Risk management is for losers, value-investing is for dummies, and chasing momentum is for suckers... The path to successful trading in the new normal is easy... and involves just 4 simple steps...
Step 1: Put on Pants;
Step 2: Buy S&P 500 Futures at Midnight ET;
Step 3: Sell S&P 500 Futures at 4amET;
Step 4: Go back to bed...
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Probably the most stunning chart we have ever seen - note the red line's performance - minimal drawdown, maximal return...
h/t @NanexLLC
