Top Traders Unplugged
1,168 episodes - English - Latest episode: 21 days ago - ★★★★★ - 500 ratingsStep into the fascinating realm of finance and investing with Niels Kaastrup-Larsen and an amazing line-up of co-hosts as your guide. Each week, we engage in captivating conversations with renowned investors, esteemed economists, skilled traders, and visionary thought leaders. Discover the wisdom derived from their journeys, embracing their triumphs and learning from their setbacks. At TTU, we strive to ignite your independent thinking, encouraging you to chart your own path to financial success. Tune in to stay informed and inspired on the ever-evolving landscape of finance and investing. Stay up-to-date with our latest episodes and blogposts at https://toptradersunplugged.com
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Episodes
SI267: A Masterclass in Absolute vs Cross Sectional Momentum ft. Richard Brennan
October 28, 2023 18:00 - 1 hour - 118 MBIn today’s episode, Richard Brennan takes us on a tour around the Australian economy and how the investment landscape is changing. We also discuss how different investment philosophies demand different interpretations and why the “one size fits all” approach does not exist, how cross-sectional momentum differs from absolute momentum. Lastly, we discuss why Richard uses an ensemble of trend following systems and why he always strives for maximum diversification, and why I feel we should not i...
ALO17: Inflation, Volatility, and AI: Ruffer's Bold Market Insights ft. Matt Smith
October 25, 2023 13:00 - 59 minutes - 81.3 MBToday we are joined by Matt Smith, Investment Director at Ruffer for a fascinating discussion on global markets, asset allocation and how history can guide us in the current global macro landscape. Matt explains why Ruffer is defensively positioned at the moment, why he is sceptical of the AI rally in stocks in recent months and where is he sees opportunity in markets at the moment. We discuss the secular outlook for inflation and why Matt believes we sill see greater volatility and a trend ...
SI266: Constructing and Assessing Trading Strategies ft. Rob Carver
October 21, 2023 11:00 - 1 hour - 85.8 MBRob Carver is back this week speaking with Alan Dunne about constructing and assessing trend following and non-trend following trading strategies. We delve into mean reversion strategies and over what time frames they might be effective and what are the pitfalls in trying to combine trend following with mean reversion. We also discuss the theory and reality of the benefits of faster trend following, Rob’s experience of this and his approach avoiding over-fitting when constructing trading str...
GAL6: UAPs - What Are We Really Dealing With? ft. Larry Hancock
October 18, 2023 13:00 - 59 minutes - 82.1 MBThere is no secret more carefully guarded than that of how to make atomic weapons. Nuclear technology can power us with clean energy or destroy all of human civilization. It has been alleged for decades that there is a correlation between UAP encounters and nukes, a suggestion that seems intuitive because if an advanced civilization was monitoring us, any breakthroughs in nuclear physics would certainly represent a key developmental milestone. In this episode join our Galactic Macro series h...
SI265: Deep Dive Into Non-Trend Complementary Strategies ft. Nick Baltas
October 14, 2023 01:00 - 1 hour - 87.8 MBNick Baltas is back this week to talk about the use of non-trend strategies in diversified managed futures portfolios. What is the rationale for the existence of a carry risk premia? How durable are the returns? What are some of the key thing things to keep in mind implementing a carry strategy? These are some of the questions we discuss as we deep dive into the use of carry alongside trend following. We also discuss reversion strategies and how skewness plays a part in their construction....
ALO16: Beyond 60-40... A Bold Approach to Asset Allocation ft. Troy Gayeski
October 11, 2023 10:00 - 1 hour - 87.9 MBTroy Gayeski, Chief Market Strategist for FS Investments, joins us today to discuss asset allocation and investment opportunities in today’s higher yield environment. We discuss how higher interests rates are impacting the risk and reward across capital markets and why higher interest rates mean equity valuations may be stretched at the current juncture. We discuss how asset allocation has evolved from the 60-40 benchmark to a 40-30-30 allocation for many institutional investors with a 30% a...
SI264: The Evolution of the Trend Following Industry ft. Andrew Beer & Alan Dunne
October 07, 2023 09:00 - 1 hour - 84.9 MBAndrew Beer joins us to discuss a recent research report from Morningstar (called Market Wizards Wave Their Wands but Investors Miss the Magic) which highlights the challenges investors have in timing managed futures allocations. We get Andrew’s perspective on the evolution of the managed futures industry, particularly the evolving ETF and UCITS markets and discuss whether the CTA industry is on the road to commoditisation. We wrap up discussing a recent FT article which suggests more attr...
GM51: Allocating Assets when Goldilocks Inverse ft. Christian Mueller-Glissmann
October 04, 2023 08:00 - 1 hour - 89.1 MBGoldman Sachs Head of Asset Allocation Research, Christian Mueller-Glissmann shares his current investment framework with Cem Karsan and I today. It's an important conversation as it touches on so many of the most important questions that investors, individual as well as institutional, are faced with right now. How we as investors should allocate our capital taking into account the ever changing Global Macro regimes was fascinating to explore, with one of the sharpest thinkers on this topic....
SI263: Changes aren't permanent, but change is ft. Mark Rzepczynski
September 30, 2023 13:00 - 1 hour - 90.8 MBQ3 is behind us, and we take stock of how is the trend following industry holding up? Is passthrough fees becoming a problem for investors in the multi-strategy space? Do we still have a bubble economy? Have we lost our imagination of what can happen in the economy? And why is it important to understand psychology when building models? Join us for this fascinating conversation with Mark Rzepczynski where we discuss this, and much more. ----- EXCEPTIONAL RESOURCE: Find Out How to Build a Sa...
GM50: A Century of Disorder ft. Helen Thompson
September 27, 2023 05:00 - 1 hour - 85.3 MBJoin us for a thought-provoking conversation with Professor Helen Thompson of Cambridge University, author of Disorder: Hard Times in the 21st Century, as we take a big picture perspective on the current global macro landscape. A key focus of Helen’s work is the role of energy markets in understanding global macro developments and we delve into Europe’s energy dependence on Russia. We hear about the factors which enabled Europe avoid an energy shortage in the winter of 2022 but why energy m...
SI262: Opportunities in FX fueled by the FED ft. Alan Dunne
September 23, 2023 08:00 - 1 hour - 86 MBTune in for this week’s trend following conversation with Alan Dunne, where we discuss Barry Eichengreen’s paper on living with high public debt and how the high level of debt can be addressed, the relationship between interest rates and GDP, how Forex trading have evolved over time and why it is having a renaissance at the moment. We also discuss return expectations in markets and diversified strategies and Alan reports what he experienced from a recent investor event in Paris. ----- EXCE...
IL21: How China Manages Their FX Reserves ft. Zongyuan Zoe Liu
September 20, 2023 05:00 - 59 minutes - 81.7 MBIn this episode we lift the veil on China’s often secretive system for managing its multi-trillion dollar holdings of foreign assets. Guiding us through the discussion is Dr. Zhongyuan Zoe Liu, the Maurice R. Greenberg fellow for China studies at the Council on Foreign Relations. Dr. Liu spent years researching financial reports and conducting in-person interviews with those involved in running China’s multiple “Sovereign Leveraged Funds”. We discuss how they evolved, what purposes they se...
SI261: The Biggest Story in Asset Allocation ft. Nick Baltas
September 16, 2023 07:00 - 59 minutes - 81.4 MBToday Nick Baltas and I embark on a journey through the shifting tides of investment strategy. For decades, equities have reigned supreme as the primary source of portfolio returns, while bonds played a crucial role as diversifiers. But over the past two decades, something intriguing has happened, and the dynamic between these two asset classes has evolved in ways we've never seen before. Stay tuned as we unravel the fascinating story of this transformation and explore what it means for mode...
GM49: Unveiling the Power of Confidence ft. Peter Atwater
September 13, 2023 13:00 - 1 hour - 101 MBJoin us for a captivating episode where we delve into the hidden influence of confidence in our decision-making. Discover why seemingly unprecedented events are often predictable with the right insights. Peter Atwater provides an accessible framework for understanding confidence, helping us navigate uncertainty and lack of control. Our conversation delves into how confidence impacts politics and the economy, as well as how we can nurture confidence in the younger generation to face life's ch...
SI260: The Voldemort of the Asset Management Business ft. Andrew Beer
September 09, 2023 10:00 - 1 hour - 105 MBIs the economy actually doing better than we expected? This week we are joined by Andrew Beer, where we discuss the use of replication strategies in the current economic environment and how many markets/factors you should include, how managers can differentiate themselves from each other and the outlook for growth in the CTA industry. We also discuss the challenges of the Lemming effect in investing and today’s obsession with multi-strategy hedge funds, the capacity of the trend following in...
GAL05: Pumping the BRICS Agenda & Hidden Risks ft. Nelson Rangel
September 06, 2023 13:00 - 58 minutes - 81 MBIn this episode we are joined by a true Macro thinker, Nelson Rangel, CIO at Raven Capital. Nelson walks us through his fascinating lens of the world evolved from his formative career years where his mentors taught him chaos theory and quantitative analysis. The conversation delves in to global conflict, adapting to social media information flows, and the challenges of finding investment value in LATAM markets. Be sure to stick around to the very end where Nelson leaves us with a cliff hange...
SI259: Trend Following & the New Normal ft. Katy Kaminski
September 02, 2023 16:00 - 1 hour - 83.8 MBToday, we welcome Katy Kaminski to the Systematic Investor Series, as we dive deep into trend following systems and how to overcome the unintended biases that can creep into CTA systems, why Katy believes everybody has to “go back to the drawing board”, why it is unrealistic to expect things to go back to “normal”, and why Katy believes we are not in a crisis but rather a correction. We also discuss how a crisis is in the eye of the beholder and shed light on the current global macro narrati...
GM48: Resilient Growth BUT Economic Downturn Ahead ft. Chen Zhao
August 30, 2023 00:00 - 57 minutes - 78.4 MBChen Zhao, co-founder and Chief Global Strategist at Alpine Macro joins us today to outline why growth has been resilient in 2023 but why he sees deflation and an economic downturn as a rising risk as we move into in 2024. We hear why the best global macro trades are the hardest to hold and why he believes long fixed income is the best trade at the moment. We discuss the long term outlook for growth and inflation in the major economies and hear why Chen is dismissive of the idea that degloba...
SI258: Absolute Momentum in a Chaotic Environment ft. Richard Brennan
August 26, 2023 16:00 - 1 hour - 119 MBRichard Brennan is back to discuss the lurking uncertainty in the economy and take a deep dive into absolute momentum. What is it, how is it used and how does it relate to trend following? How does complex systems really function and evolve over time and what role does correlation play in system design? And financial markets is in fact chaotic systems, then how do predictive modellers trade them? Is there an edge from price following techniques in their ability to trade in highly complex and...
IL20: How to Survive the Current Fourth Turning ft. Neil Howe
August 23, 2023 05:00 - 1 hour - 113 MBBest-selling author and renowned historian Neil Howe joins the show to talk about his New York Times’ bestselling book The Fourth Turning Is Here. Neil believes history moves in generational cycles that last about the length of one long human life. Each cycle has four eras - Turnings - that always arrive in the same order and last about twenty years. We are now midway through a Fourth Turning which is a time of exceptional upheaval and conflict. Previous Fourth Turnings happened during the G...
SI257: Preparing for a Volatile Future ft. Cem Karsan
August 19, 2023 05:00 - 1 hour - 93.7 MBCem Karsan joins us for a wide ranging conversation where we discuss the current volatility environment and if vol trading can actually be predictable, the current Fourth Turning and how this will impact the level of volatility and where Cem’s outlook differ from Neil Howe's, why demographics is “destiny” and the current tug of war between flows and macro. We also discuss why Cem is watching NASDAQ so closely and the historic rotations that are happening in markets at the moment, why Cem bel...
GM47: Is the Economy Actually Doing Better Than Expected? ft. Peter Berezin
August 16, 2023 05:00 - 1 hour - 83.5 MBPeter Berezin, Chief Global Strategist and Research Director at BCA Research joins us today for a wide ranging discussion on the outlook for global economy and global capital markets. We hear why Peter has been more upbeat than the consensus on the outlook for the US economy but why he continues to believe that the outlook is for recession next year. He outlines why US stocks may continue to make gains in the near term but the outlook is much more challenging on a five-year view. We discuss ...
SI256: Investor Behaviour & the How to Deal with Transaction Costs ft. Mark Rzepczynski
August 12, 2023 07:00 - 1 hour - 86 MBMark Rzepczynski is back to tackle some important topics relating to systematic trading. We discuss whether there is a best time of the year to trade and what has been driving the markets recently, how high interest rates and uncertainty affect investor behaviour, dispersion within markets and how it influences your trend following return. We also discuss quant research, the motivated reasoning bias and the importance of being open minded as a researcher to find better ways of being a trend ...
IL19: Revolutionary Technology & the Coming Economic Boom ft. Mark P. Mills
August 09, 2023 05:00 - 1 hour - 83 MBMark Mills joins us to discuss his new book The Cloud Revolution: How The Convergence of New Technologies Will Unleash the Next Economic Boom and a Roaring 2020’s. Mark is a senior fellow at the Manhattan Institute, a faculty fellow at Northwestern’s engineering school and a strategic partner in energy-tech venture fund Montrose Lane. In our conversation Mark explains how advances on three fronts - information, machines and materials - are converging in a way that is going to propel a surg...
SI255: A Treasury Tsunami & Slow Burning Minsky Moments ft. Alan Dunne
August 05, 2023 13:00 - 1 hour - 96.9 MBToday, I'm joined by Alan Dunne to discuss the ‘treasury tsunami’ and the current challenges that the economy faces, the state of the Japanese and Chinese economy and the fear of ‘Japanification’, what is a reasonable return expectation for the different asset classes and why you should allocate to trend following despite the scepticism surrounding it. We also discuss how we are witnessing a slow burning Minsky moment in terms of debt and the refinancing risks that will emerge in the coming ...
GAL04: Expanding Your Consciousness and Reality ft. Mark Gober
August 02, 2023 13:00 - 1 hour - 86.7 MBDo you ever have that feeling someone is staring at you? You turn around and find someone looking at you. What causes that? We get the answer in this episode of our Galactic Macro series as we sit down with Mark Gober, author, and board director at Apollo 14 astronaut Edgar Mitchell’s Institute of Noetic Sciences. Mark explains to us the science behind extra sensory perception, near death experiences, UAP and then shows the one thing they all have in common - consciousness, the ultimate tech...
TTU145: All In on Trend Following ft. Jerry Parker, Founder of Chesapeake Capital
July 31, 2023 21:45 - 1 hour - 96.1 MBJerry Parker, Founder of Chesapeake Capital is perhaps the most successful of the famous group of Turtles, and today we discuss what he has learned from his 40+ years love affair with Trend Following, and how he has evolved his CTA program. We debate the challenges of using the Sharpe Ratio and what improvement really look like, how he uses volatility in his trend following process and the conflicts that can arise when working with clients. We also find out why Jerry believes you can be a g...
SI254: Does Trend Following Single Stocks Make Sense? ft. Nick Baltas
July 29, 2023 04:00 - 1 hour - 85.9 MBNick Baltas returns to discuss single stock trend momentum dynamics and more. With his usual academic elegance, Nick dives into Portfolio Construction and Risk Management, Static vs. Dynamic positioning, how to apply each type in your trading, and why one is not “better” than the other, the key factors of portfolio construction and why the difference between cross-sectional and time-series momentum is important to understand. We also discuss trend following in single stocks and why it is a c...
ALO15: Exploring Today's Investment Opportunities ft. Christopher Zook
July 26, 2023 13:00 - 1 hour - 92.5 MBChristopher Zook, Founder, Chairman and CIO of CAZ Investments joins us for fascinating and thought-provoking conversation on the outlook for the economy and the investment opportunities in current markets. Christopher explains why he thinks the risk-reward is so poor in public equity markets at the moment and why investors are being offered poor prospective returns for the risk. We discuss private markets and the areas where CAZ is focused on allocating capital, particularly sports franchis...
SI253: A New Trend Following ETF is Born ft. Andrew Beer & Jerry Parker
July 22, 2023 18:00 - 1 hour - 102 MBToday, we are joined by Andrew Beer and Jerry Parker for a fascinating conversation about the different approches to trend following within the ETF landscape. We discuss what the role trend following should play in a portfolio, the best approach to staying diversified, and where the growth might come from in the ETF space. We also discuss a few more controversial topics like fees, and why Jerry view trend following and managed futures as 2 different things and much more. ----- EXCEPTIONAL...
GAL03: Global Conflicts and the Trajectory of Humanity ft. Dr. Paul Sullivan
July 19, 2023 05:00 - 1 hour - 110 MBWhen it comes to global conflict and understanding the limits of Earth's resources the man to turn to is Dr. Paul Sullivan. Paul is a seasoned professor that has taught at several of the world's leading universities and influenced the thinking of students that are now some of the DOD's top brass as well as world leaders. His depth of understanding and commitment to a lifetime of learning is uncommon in a world of short attention spans. We sit with Paul in this conversation to understand his ...
SI252: From Crypto Sceptic to Crypto Adviser ft. Rob Carver
July 15, 2023 13:00 - 1 hour - 92 MBRob Carver joins me to reveal some surprising news about his new “job”. We discuss portfolio optimization and why you should be concerned about certain types optimization techniques, why Rob believes trend following a trend following ETF is a bad idea, when is the best time to buy trend followers and how to use factors when applying an exponential moving average. We also discuss safe trading and how to achieve the most diversification for your portfolio, the dodgy behaviour that exists in th...
IL18: We Need to Talk About Inflation ft. Stephen King
July 12, 2023 13:00 - 1 hour - 103 MBHSBC Senior Economic Adviser Stephen King joins the show to discuss the most important long-term issue facing western economies: inflation. Stephen’s new book - We Need To Talk About Inflation - is an FT “book to read in 2023” for good reasons. He explains why inflation is not just about money creation, it also depends on public perceptions and the fatal temptation of governments to usurp central bank independence (what he calls the Richard Burton - Elizabeth Taylor rule). Stephen explains h...
SI251: A Deep Dive Into Models and Systems ft. Richard Brennan
July 08, 2023 18:00 - 1 hour - 86.4 MBRichard Brennan returns for a true trend following conversation where we dive deep into the construction of models and systems. We discuss why long-term trading are often preferred by many trend followers and what we can learn from acoustics and physics in terms of noise and signals, how to get the most diversification from highly correlated markets through system design and why you should trade with an ensemble of markets. We also discuss how complex adaptive systems evolve over time, how t...
GM46: An Emerging Market Boom of Epic Proportion ft. Louis-Vincent Gave
July 05, 2023 08:00 - 1 hour - 86.8 MBToday we are joined by Louis-Vincent Gave of Gavekal Research for a fascinating discussion on the key global macro trends impacting markets. Louis outlines his case for why the consensus is wrong to expect a US recession and why he sees accommodative US fiscal policy as a key driver of the economy in the next 1-2 years. We discuss the upside and downside risks to inflation and how weather patterns may be an underappreciated risk to inflation in the next 1-2 years. One of Louis’ key calls is ...
SI250: Tour de Volatility ft. Cem Karsan
July 01, 2023 11:00 - 1 hour - 83.1 MBCem Karsan joins me for a tour of the current volatility and macro environment, where we take a deep dive into where markets and economy are heading. We discuss the potential of the economy going into stagflation and why many investors might not be prepared for what is to come, the unpredictable volatility environment and how technology like AI is affecting markets. We also discuss the potential dangers of zero day options and how to position yourself appropriately for the markets, how to pr...
GAL02: The Blind Spot of AI & UAPs ft. Izabella Kaminska & Dario Garcia Garner
June 28, 2023 13:00 - 1 hour - 104 MBThere are few instincts sharper than those of a talented journalist. Izabella Kaminska, founder and editor of The Blind Spot, and her colleague Dario Garcia Giner have those instincts in spades. While still at the Financial Times, on December 10, 2021, Izabella penned a thought provoking article titled Do portfolios have a UAP risk?. Long before anyone was talking about UAP in the financial sector Izabella recognized that this taboo subject could impact markets and was worth paying attention...
SI249: Unfulfilled Expectations in 1st Half of 2023 ft. Mark Rzepczynski
June 24, 2023 13:00 - 1 hour - 88.8 MBToday, Mark Rzepczynsky joins me to discuss momentum gap and why momentum is a core component of all markets, the concept of "stretch" and when to enter and exit trades at the right time, dislocations in markets and how AI may or may not affect the trend following space. We then review all the things we were "promised" would happen in the first half of 2023...but did not! And to round things off, we dive into what causes models to fail and why there are many ways to interpret the success of ...
GAL01: Galactic Macro...The New Investment Frontier ft. Jay Anderson
June 21, 2023 09:00 - 1 hour - 108 MB2023 is a year for the record books as world changing technologies such as AI once believed to be science fiction become science fact. The most exotic technologies, however, are thought to be related to Unidentified Anomalous Phenomenon and may also have an AI connection. At the vanguard of the new generation of UAP researchers is Jay Anderson. He kicks off our Galactic Macro series with David Dorr as they discuss the breathtaking disclosures coming out of the U.S. Pentagon and connect the d...
SI248: Trend Following, AI & Mastering Risk Management ft. Alan Dunne
June 17, 2023 13:00 - 1 hour - 89.7 MBAlan Dunne returns to the show following a busy week of Fed action and economic activity. We discuss how technology like artificial intelligence impacts the economy and investors, both currently and in the future, the use of machine learning trend following and why it is important to be aware of your own biases. We also discuss what constitutes good risk management and why risk management is key to any successful investor, the evolution of risk management and much more. ----- EXCEPTIONAL R...
GM45: A Geopolitical Mosh Pit ft. Michael Kao
June 14, 2023 05:00 - 59 minutes - 82.4 MBAs has become clear in the past couple of years, the interconnection between Macro Economics and Geo-Politics is stronger today than ever before in our lifetime. And who better to explain this mosh pit than the Ubankaoboy himself, Michael Kao who joins me and Cem Karsan for a fascinating and wide ranging conversation. We cover topics like China's debt problem, Oil and the mistakes the US are making as we speak, OPEC+ as well has hear Michael, who's parents fled from China to Taiwan, describe...
SI247: What is Smart Diversification? ft. Nick Baltas
June 10, 2023 00:00 - 1 hour - 95.8 MBToday, Nick Baltas return to the show for a look at some recent published research papers by our friends over at Quantica and AQR. Despite our technical difficulties with my audio and notes...we discuss the timing and speed of executing trades and the pros and cons of trend following compared to stocks and bonds, how to achieve the best protection whilst maximizing returns during times of trouble in equities or higher interest rates and why short term strategies does not necessarily give you...
GM44: Insights From Inside Credit Suisse ft. Mika Kastenholz
June 07, 2023 07:00 - 1 hour - 86.7 MBOur guest Mika Kastenholz shares his insights running a global, cross-asset class macro trading business within a major investment bank in this episode. We learn about potential volatility mismatches in the equity index and fixed income markets, distortions in the yield curve caused by regulatory changes, and a general decline in the appetite for risk taking in the banking sector post-2008. Mika also discusses the viability of crisis prediction using quantitative models, and positioning risk...
SI246: The BIG CTA ETF Debate ft. Andrew Beer & Tim Pickering
June 03, 2023 08:00 - 1 hour - 117 MBToday, we are joined by Andrew Beer and Tim Pickering for a heated debate on some of the most important changes that we are seeing in the CTA industry. We discuss how ETFs can be used in the CTA industry and the pros and cons of using indices to represent manager performance, why Tim and Andrew are fundamentally different in how they approach the way retail investors can access CTA strategies and how they disagree on the definition of "pure alpha", the use of replication strategies and much ...
ALO14: Investing for a Decade of Dispersion ft. Clint Stone
May 31, 2023 06:00 - 1 hour - 99.1 MBToday we are joined by Clint Stone SVP of Investments at the Larry H Miller Company to hear about running an endowment style investment approach at a family office. We discuss Clint’s approach to asset allocation which is focused on long term capital appreciation. A key pillar of the portfolio is a large allocation to private markets and we discuss the rationals for this. We delve into the foundation’s approach to portfolio construction, how to estimate the volatility of private markets expo...
SI245: Which CTA Should You Buy ft. Rob Carver
May 27, 2023 04:00 - 1 hour - 89.3 MBRob Carver is back to discuss the economic unpredictability that has defined this year so far and how Rob approaches backtesting his system, how to make a signal continuous in a discrete system and if there are ways to figuring out when is the right time to trend follow. We also unpack what Rob means by “you can’t eat sharpe ratio” and what he would change in his strategy if he had more resources available. We then turn to discuss the CTA industry and how to find out which CTA you should buy...
GM43: On the Verge of Recession ft. David Rosenberg
May 24, 2023 13:00 - 1 hour - 90.9 MBJoin us for a thought-provoking conversation with David Rosenberg of Rosenberg Research as we discuss the global macro outlook and why David believes the US economy is on the verge of recession. We examine the parallels between the current economic cycle and past cycles, particularly the 1920s and 1970s, and discuss how past Fed tightening cycles have played out for the economy and asset prices. David lays out his case for why he is sceptical of the narrative that inflation will remain stick...
TTU144: Turtle Trading 2.0? ft. Brian Proctor, Managing Director at EMC Capital Advisors
May 22, 2023 13:00 - 1 hour - 93.3 MBJoin us as we sit down with Brian Proctor, Managing Director at EMC Capital Advisors, for an insightful conversation on the evolution of their trading methodology since the early days of the Turtle Program. Discover what sets them apart from competitors and the key factors they believe contribute to a successful CTA. Explore their use of algorithms to balance risk in a volatile market and how trading systems can adapt while staying true to their origins. Gain insights into their approach to ...
SI244: Trend Following - How to Hunt them & Select a Manager ft. Richard Brennan
May 20, 2023 13:00 - 58 minutes - 79.7 MBRichard Brennan returns to discuss the idea of applying trend following on a shorter term time frame and why this might not make sense, the most optimal solutions for selecting managers, how to best avoid selection bias in the process and why the validated track record of a fund manager is so important. We also discuss how the analogy of hunting on the savana can be applied to trend following and what a cheetah and a spider can teach us about hunting trends and much more. ----- EXCEPTIONAL...
GM42: What's Coming for Oil, Gas, Gold & Metals ft. Adam Rozencwajg
May 17, 2023 13:00 - 1 hour - 108 MBIf you're curious about the state of natural resources in today's market, this episode is for you. Our guest Adam Rozencwajg shares his insights on a wide range of topics when it comes to the global commodity markets. Discover why oil is struggling to surpass $80 despite the OIL Put, OPEC's surprise production cuts, and China's reopening. We also explore why US and European Nat Gas prices have yet to converge, and the outlook for Gold as it sits close to all-time highs. Finally, we discuss t...