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SignalsApr 19, 2026·6 min read

20 Years of Backtest: -7% in Crashes, +112% in Strong Years — Where the Alpha Comes From

We ran the full signal system through every US market day from 2006 to 2026, including the 2008 crash and the 2022 bear. The counterintuitive part: the largest alpha isn't in bull markets.

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