Perry Kaufman

Kaufman’sMost Popular Books (available on Amazon) Trading Systems and Methods, 6th Edition. The complete guide to trading systems, with more than 250 programs and spreadsheets. The most important book for a system developer. Kaufman Constructs Trading Systems. A step-by-step manual on how to develop, test, and trade an algorithmic system. Learn To Trade. Written for […]

Industry Benchmark Performance                                                                               Unfortunately, Barclay’s is no longer providing Industry performance tables; therefore, we won’t be showing this section anymore. It may be best, because during a drawdown, some funds are redeemed and don’t show their results. That makes performance history unreliable. Kaufman’sMost Popular Books (available on Amazon) Trading Systems and Methods, 6th Edition. The

Industry Benchmark Performance                                                                                             The financial news is claiming this is the worse quarter since COVID three years ago. A reporter names this as the “gray swan” because it was so difficult to identify and take defensive action against “creeping” risk.             Early reporting only shows long equity as taking a modest loss, but I expect

Industry Benchmark Performance                                                                               Very few funds have reported and mostly those with gains in February, I’m going to guess that results will decline as more funds report. Futures tend to be more current and show typical losses for February. Not a good month, but there is a long way to go in 2025. Source: BarclayHedge

Industry Benchmark Performance                                                                              Small gains nearly everywhere, given the 7% drop a week ago when DeepSeek announced that it could produce AI as fast and much cheaper. That is, if you don’t mind Chinese censoring and you don’t mind using someone else’s data. It seems strange that, given all the issues about Tik-Tok being a

Industry Benchmark Performance   A remarkable year of ups and downs, but in the end, returning 25% in SPY. It started with microchips, in particular Nvidia, then the software companies that embraced artificial intelligence (AI), followed by a drop in enthusiasm, then stimulated again by the election. An interesting roller coaster.  All the while, we had

Industry Benchmark Performance                                                                                             The industry performance has not been posted, but our summary of the ETF index markets (above) shows one of the best Novembers on record. It seems strange that with all the switching from tech and semi stocks into other areas, that results should be from 21% to 28% in the overall market.

Industry Benchmark Performance                                                                                             October has a history of volatile moves, but this month it was a back-and-forth, going nowhere, month. While the Fed signaled lower rates, and the data supported that, it was already in the market. I have no idea what traders were expecting – lowering rates by a full point?             Then there

Industry Benchmark Performance                                                                                       Hedge funds moved higher in September. The overall market was good although AI stocks are languishing. While the Fed lowered rates, the market had already discounted it. Now it wants to discount the next Fed move. At some point, lower rates will stimulate the economy, but the markets are not yet showing

Industry Benchmark Performance                                                                            Hedge funds are doing surprisingly well in an uncertain market. Those that allows short sales did better in August, given the sell-off in AI and tech stocks. Futures remain marginal but profitable. Most futures funds favor interest rates, so performance will vary with the consistency of the interest rate trends. Source: BarclayHedge