Pearl Capital Advisors examines a cyclical relationship between two types of corporate earnings measurements produced by the St. Louis Federal Reserve (FRED Data) and the performance of the S&P 500
Trend following strategies finally had a correction month, with many (but not all) programs surrendering roughly one-fifth to one-quarter of their YTD returns
Many (but not all) of the equities-based strategies we track – both L/S equities programs and market neutral strategies - seemed to have a challenging month