Variant Perception
Wed 07 Dec 2022 - 15:00 GMT / 10:00 EST
"Market timing, by the way, is a tag some buy-and-hold investors use to put down anything that involves using your brain." – Jeremy Grantham
Tactical indicators can act as filters to prioritise ideas and help manage risk
There are two main concepts in VP's tactical framework:
VP have quantified sentiment, flow and positioning measures that are more real-time
VP think of tactical models as complements to their primary work on cyclical (i.e. leading indicators) and structural (i.e. capital cycle) analysis. If the tactical, cyclical and structural outlooks are aligned, that would warrant maximum position sizes.