PIMCO: The trend IS your friend

“The PIMCO research paper, “Carry and Trend in Lots of Places,” conducted empirical analysis from 1960 to 2014 covered twenty major markets, determined that sometimes old school market wisdom is just that: Wisdom. They showed that investors are successful when they “Don’t fight the trend” and “Don’t pay too much to hold an investment.” This may sound like a rather trivial point to some, but it is actually a significant point of debate deep within the trading community. While data has long supported the notion that trends are, in fact, a statistically validated phenomena, there were always some fundamental players on Wall Street who cast doubt on the validity of statistical market analysis and, in doing so, dismissing a primarily truth behind a mathematical investment thesis for managed futures and its largest strategy sub-category, trend following.” (Source: Valuewalk, PIMCO) Read the PDF attached.


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