Highlights
- The S&P's uninspiring +0.14% performance today masked a nearly perfect day for trend following momentum-oriented hedge funds...we call it 'Hedge Fund Nirvana'.
- The 'Good Guys' (positive trend, positive momentum, high quality) were up a decent amount today, while the 'Bad Guys' underperformed by actually going down, in some cases by a lot.
- This bifurcation is something we are likely to see more and more of. . .
