Futures brokers are still dealing with Dodd-Frank, residual interest rules, data fees and zero interest rates, but with Fed tapering complete and new leadership at the CFTC, there are also positive signs as we enter 2015.
Ever since the credit market crisis in 2008, the world has been in an extraordinary period of central bank intervention. As QE3 comes to an end, analysts are looking to a return to normal. But what is normal?
The driving factor for arguably the most successful alternative investment strategy—long-term trend-following—is the fact that market returns, in all markets over all time frames, tend to have fat tails.