It tells things that are happening before, right? Before we really know what's happening.

there's usually some indications in other sectors before equities go through a period like that.

So it might be in gold or it might be in fixed income or something like that.

So oftentimes at the beginning of an equity market dislocation, we will be losing in equities as well because there was probably a lot of momentum there before It turned, you know, we're following momentum and we're positioned long there in equities.

But a lot of times there are these precursors in other sectors where other sectors have started to already react to whatever is going to eventually kick off in equities.

And we're positioned well there.

And that happens oftentimes in gold or in fixed income or in oil.

trend following, and cash.

It tells things that are happening before, right? Before we really know what's happening.

there's usually some indications in other sectors before equities go through a period like that.

So it might be in gold or it might be in fixed income or something like that.

So oftentimes at the beginning of an equity market dislocation, we will be losing in equities as well because there was probably a lot of momentum there before It turned, you know, we're following momentum and we're positioned long there in equities.

But a lot of times there are these precursors in other sectors where other sectors have started to already react to whatever is going to eventually kick off in equities.

And we're positioned well there.

And that happens oftentimes in gold or in fixed income or in oil.

trend following, and cash.