Introduction
In the conclusions section of an article published in January 2020, I stated the following:
There is only a little advantage that can be gained from employing momentum strategies when markets are in an uptrend. The momentum strategies outperform significantly during bear markets or deep market corrections. Thanks to the wide diversity of the portfolio analyzed in this article, it is expected that the dual momentum strategy will continue to perform satisfactorily under all market conditions."
The above was a bold statement that asks for scrutiny of its performance subsequent to the article's publication.