Forget Risk-Parity... ignore volatility-targeting... Risk management is for losers, value-investing is for dummies, and chasing momentum is for suckers... The path to successful trading in the new normal is easy... and involves just 4 simple steps...

Step 1: Put on Pants;

Step 2: Buy S&P 500 Futures at Midnight ET;

Step 3: Sell S&P 500 Futures at 4amET;

Step 4: Go back to bed...

Probably the most stunning chart we have ever seen - note the red line's performance - minimal drawdown, maximal return...

h/t @NanexLLC