Top Traders Unplugged

Manoj Pradhan, Author and Founder of Talking Heads Macroeconomics, joins us in today’s episode to discuss the structural forces that will drive markets in the future, based on his book, “The Great Demographic Reversal: Ageing Societies, Waning Inequality and an Inflation Revival”. We cover demographics and how it has impacted inflation and interest rates, the idea of using robots and automation to make society more efficient and productive, how ageing is a major contributor to a country’s debt and how inflation can be used as a tool to deal with rising debt, monetization of debt through bonds and how it can be deflationary in some cases. Lastly, we discuss why Manoj believes inequality is going to decrease, due to an imbalance in the labour force, how this shift in equality impacts the economy and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Manoj on LinkedIn & read his book.Episode TimeStamps: 00:00 - Intro02:13 - Introduction to Manoj and his book07:59 - How demography has impacted inflation and interest rates?15:05 - Can the global labour force be increased?22:31 - Using automation to increase efficiency33:49 - Did we interpret the yield curve wrong?43:34 - The monetization of debt50:13 - Is equality going to wane?57:56 - Key takeaways from NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Richard Brennan tackle lots of great questions from listeners as to why Trend Following works, why trends occur in markets and why it is best to exploit them using a systematic approach, the idea of doing Trend Following on Trend Following using the TTU trend barometer. We also discuss different ways of looking at leverage in your portfolio, pros and cons of using stops and different approaches to applying volatility targeting. Lastly, we discuss why it can be beneficial to trade more than one Trend Following system, the issues that can occur when using the same system for a diversified composite, how to avoid the anxiety associated with building drawdowns and finally we address recent statements made that CTAs may be not be well positioned should we enter into a recession.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:00:00 - Intro02:03 - Update on recent market and economic news?08:36 - Industry Performance update10:28 - Q1, Bruno: Why does Trend Following work?22:57 - Q2, Elie: Doing Trend Following on Trend Following 29:50 - Q3, Adam: How to calculate leverage for a CTA?35:43 - Q4, Mark: Complicating your system with stops & views on volatility targeting54:51 - Trading an ensemble of systems vs. a single system58:44 - Using the same systems for a diversified portfolio01:06:12 - Dealing with the psychological challenges of drawdowns01:13:22 - Comments on whether Vol or TF strategies may be best for a comming Recession01:22:01 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Larry Siegel, Author and Director of Research at CFA Research Foundation, joins us to discuss his book, “Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance” and how demographic trends impact inflation. Additionally, we discuss the benefits of population growth, the importance of having a free society and how authoritarianism and fascism impairs a population, the history of economic growth and how it has enabled better and cheaper sources of energy, nuclear power and how it can be a solution to the global energy crisis. Lastly, we discuss why global warming is not as severe and urgent of a problem as many believe, due to technological advancements and great progress in recent years.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Larry on Twitter & read his book.Episode TimeStamps: 00:00 - Intro03:12 - An introduction to Larry and his book11:46 - Key takeaways from Larry’s study of demographic trends18:48 - Population and economic growth around the world27:49 - The importance of freedom31:53 - Economic growth = better and cheaper sources of energy?38:30 - Nuclear power - a tail risk?48:31 - The potential of genetic engineering in agriculture and medicine54:07 - Is the climate emergency not an emergency?01:01:40 - Takeaways from NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Alan Dunne and I discuss the use of return stacking in asset management when building a diversified portfolio and the risk implications, adding CPPI on top of Trend Following and using options to achieve a constant cash flow. We also discuss the increasing inflation and rising uncertainty in the economy, the relationship between inflation and unemployment and how we are in the middle of a different Fed tightening cycle, as well as ways to build a portfolio in a difficult asset environment and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:00 - Intro01:58 - Summary of the week07:49 - Industry performance update10:50 - Q1, Matthijs: Using return stacking in portfolio construction26:38 - Q2, Adding CPPI on top of Trend Following & using options38:12 - Increasing uncertainty in the economy56:13 - Building portfolios for different regimes01:05:46 - Thanks for listeningResources discussed in this Episode:LINK: The Return of the Philips CurveCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

James A. Fok, Financial Markets Professional and author of the book, “Financial Cold War”, joins us today for a discussion on how the Great Leap Forward has had an impact on China as a society and why they start to experience a virtual societal collapse, the financial relationship between China and the U.S and how financial warfare between the two countries can create a global crisis. We also discuss the idea of financial mutually assured destruction and how the Western society can become more financially independent from China and vice versa, the notion of having a neutral reserve currency to create a more balanced financial relationship and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow James on LinkedIn & read his book.Episode TimeStamps:00:00 - Intro02:58 - Who is James A. Fok & why did he write his book07:30 - A virtual societal collapse in China19:02 - An emerging scepticism?25:03 - The balance payment deficit of the U.S40:10 - Deepening the interdependencies between China and the U.S50:14 - A fragmented financial relationship56:59 - The possibility of a neutral reserve currency01:02:50 - Takeaways from NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Rob Carver joins us to discuss the eventful month of June and take questions from listeners regarding moving average crossover systems including what the best exit rules are for these systems, and why it might not be a good idea to enter all existing positions for new accounts. We also debate the sustainability of short-term Trend Following and intraday trading, and how much of the profit from TF Systems can be expected to come from Long sided trades as well as ways of investing into UCITS funds with pension money without paying too high fees. Finally, Rob shares some very important aspects on the relationship between optimal leverage and CAGR and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rob on Twitter.Episode TimeStamps: 00:00 - Intro05:53 - Performance update from Rob and Niels15:23 - Q1, Andrew: How best to use Moving Average Crossover Systems20:40 - Q2, Greg: The downside of entering all existing positions for new accounts24:13 - Q3, Algernond: Getting into UCITS funds at a reasonable price28:04 - Q4, Michael: Has Rob considered refocussing on short-term trading?44:20 - Q5, Anders: How much profit comes from long-sided trades & why? 55:08 - Understanding the relationship between CAGR & Leverage01:17:58 - Thanks for listeningResources discussed in this Episode:LINK: Highest CAGR through Optimal LeverageCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today’s episode, Antti Ilmanen, author and Global co-head of the Portfolio Solutions Group at AQR Capital Management, joins us to discuss key learnings from his new book, “Investing Amid Low Expected Returns”. We break down why commodities are crucial for generating returns in periods of high inflation and how to manage risk through diversification. We also discuss portfolio construction and whether bonds are still valuable in a diversified portfolio, market timing and how to balance emerging markets and developed markets in your investment strategy, why a diversified blend of risk premia is advantageous and finish off highlighting potential pitfalls of using long-term data and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Antti on LinkedIn & read his book.Episode TimeStamps: 00:00 - Intro03:36 - About Antti’s book, “Investing Amid Low Expected Returns”15:22 - The importance of commodities, especially during inflationary times21:36 - What’s up with bonds?30:06 - Emerging markets vs. high beta38:40 - Alternative risk premia...both Alpha & Beta like47:00 - The idea of valuation spreads and crowding concerns52:04 - The defensive bucket...getting rid of the junk01:02:16 - Summary by Kevin and NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, we are joined by Jerry Parker to discuss how recessions affect current trends and returns for Trend Followers, how to use ATR to determine the initial stop and when to switch to using a trailing stop for your position. We also discuss if it's possible to achieve comparable performance when investing through a public or private fund. Finally we turn to a few imporant topics like how “alts” or "alternatives" mean different things to different people, the Commodity Super Cycle and how it can create a false narrative, how Trend Following adapts to market regimes and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Jerry on Twitter.Episode TimeStamps:00:00 - Intro01:57 - Market overview09:42 - Q1, Andre: What to expect after a good run in Trend Following returns13:51 - Q2, Ryan: How to use Average True Range (ATR)27:05 - Q3, David: Performance in public mutual funds vs. offshore funds32:07 - Q4, Paul: When to switch from Initial to Trailing stop and sizing your position39:56 - Q5, Victor: How did Jerry manage to give back 200 ATRs in TESLA?47:17 - Q6, Victor: How to Allocate your Risk Budget to avoid running out of cash?53:41 - The different meatnings of “Alts” when it comes to investing01:02:04 - Commodity Super Cycles - a false narrative?01:09:51 - How Trend Following adapts to ever chaning market regimes01:13:02 - What to expect from Trend Following in the long run01:18:37 - Industry performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Nathaniel Whittemore, aka NLW, creator and host on The Breakdown podcast, joins us in today’s episode to discuss the big power shifts and social changes that are taking place in the world right now, the limits of Central Banks to handle inflation, the future of Crypto and how it impacts the social dynamics of society. We also discuss the dark sides of Bitcoin, regulation of the Crypto space and its potential pitfalls and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Nathaniel on Twitter .Episode TimeStamps: 00:00 - Intro03:05 - How Nathaniel ended up creating The Breakdown05:30 - Big power shifts taking place right now08:22 - Is the FED losing control?18:38 - The future of Crypto38:19 - The dark sides of Bitcoin01:02:23 - A Bitcoin liquidation...could it happen?01:07:13 - Regulating crypto...the pros and the cons01:25:04 - Final thoughtsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today’s episode, Mark Rzepczynski joins us to discuss a listener question regarding different ways of adding capital and adjusting position size. We also take a deep dive into the latest research paper from Aspect Capital, which discuss the Great Repricing of Risk and why Trend Following strategies are advantageous in times of crises, dislocation of markets and how shocks in markets affect behaviour and performance. We also talk about the difference between unpredictable and predicable inflation and what this mean for investors, how people may start to lose confidence in the Central Banks and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:00:00 - Intro02:33 - Weekly overview13:24 - Q1, Kyle: How to adjust position size, when adding capital25:12 - The Great Repricing of Risk...and what this mean for you as an investor35:25 - The different effects of large market shocks vs. many mini shocks44:33 - What the future holds and if it will resemble the 1940s or the 1970s51:44 - Losing confidence in Central Banks...the Micro and Macro impact01:02:32 - Long term vs short term strategies...which will perform best in a volatile world?01:11:50 - Industry performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today’s episode, Peter Atwater, author and adjunct professor of Economics at William & Mary, joins us to discuss socionomics and why media is a great mirror of mood, how confidence in Central Banks relates to the level of interest rates, “stacked vulnerability” and how it runs the potential of creating exhaustion, inequality and the battle between the top and the bottom of society. We also discuss how the current inflation creates false expectations and why we might see a violent move in market prices, how deglobalization is a consequence of a change in social mood, ways to implement a more confidence driven decision making investment strategy and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Peter on Twitter .Episode TimeStamps: 00:00 - Intro03:05 - Peter’s background05:36 - Why socionomics is important to understand and follow14:27 - How to determine the Confidence in Central Banks17:26 - Accumulated exhaustion, what this means25:35 - Crypto - a betrayal?37:55 - Expected and Un-Expected Inflation - a sign of Scarcity46:01 - A potential massive market Cycle Top?51:33 - Heading towards deglobalization01:02:54 - Global Fragmentation01:12:24 - Confident decision making01:16:21 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Rob Carver joins us to discuss recent events in the world of Trend Following and takes questions from listeners regarding what it takes to do Trend Following full-time and how much capital is needed to do so. We also discuss potential benefits of adding a mean reversion system on a short term time frame and exploring trend following in spreads, what Rob thinks of trading alternative markets, how to mitigate the pain from false breakouts and how to select a universe of stocks to apply your existing rules. Finally, we break down the latest research paper from AHL dealing with the outlook of Trend Following, how Trend Following perform in crisis periods, in periods of rising interest rates and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rob on Twitter.Episode TimeStamps: 00:00 - Intro03:14 - Market recap05:51 - What has caught Rob’s attention recently?13:35 - Q1, Ben: Going Full-Time a a Trend Follow - How much capital do I need?22:16 - Q2, Gambit: Should I add a Mean Reversion & Spread Trading model?31:47 - Q3, Younggotti: Alternative assets and markets - do they help?36:44 - Q4, FluffyDunny: How to best avoid False Breakouts39:36 - Q5, Mendel: How to select your universe of stocks to trade44:37 - AHL Paper: Gaining Momentum - Where Next for Trend Following?01:07:22 - Bloomberg article01:10:00 - Industry performance updateResources discussed in this Episode:LINK Gaining Momentum: Where Next for Trend-Following?Copyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today’s episode, the dynamic duo Alfonso Peccatiello, aka MacroAlf and Andreas Steno Larsen, join us to discuss all things Macro...from Central Banks and the reasons for the rising inflation, populism and how monetary policy has created inequality. We also get around demographics and how the shrinking labour force poses a threat to the economy, ESG and the impact it has on inflation, how a generational shift in politics can cause a taxation of the boomers, the 4th Turning and key mistakes to avoid as an investor and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Andreas on Twitter .Follow Alfonso on Twitter.Episode TimeStamps: 00:00 - Intro03:15 - Setting the stage for our conversation07:26 - Current Macro outlook...and how its evolved in recent months13:47 - Populism & potential for Deflation28:51 - Demographics & Labour force53:05 - Central Bank policies01:03:58 - Key mistakes to avoid01:10:09 - Wrapping upCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Richard Brennan joins us in today’s episode, to discuss all things Trend Following and we take lots of questions from listeners regarding methods for calculating initial stops and trailing stops, how to define and classify Trend Following, programming languages and how CTAs follow their system rules during drawdowns. We also talk about how big the Trend Following industry really is, back testing, risk management and allocating funds to a professional manager and how the TTU Trend Following Index compares to other indices plus much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:00:00 - Intro02:24 - Weekly highlights09:24 - Q1, John: Risk Management & Calculating stops13:31 - Q2, Abe: Outliers, esoteric products - do we need them?20:53 - Q3, Zach: How to keep following your rules in difficult times?31:41 - Q4, Troy: How big is the Funds Management industry?35:54 - Q5, Adam: Allocating to external TF funds, using Filters & much more01:05:47 - The Unique side of the TTU Trend Following Index01:19:03 - Industry Performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Grant Williams, creator of The Grant Williams Podcast, joins us to discuss the direction that the world is heading from a global macro perspective, the role of the Federal Reserve and how it has corrupted the price of money. We also touch on how the loss of faith in institutions is a key feature of the Fourth Turning, how inflation impacts inequality and how confidence in the Federal Reserve correlates with the level of interest rates, crypto currencies and the underlying problems of the technology, Central Banking 2.0 and what happens if a Central Bank buys all the bonds in a market, real estate and the potential dangers of the housing sector, the commodity super cycle and how it causes rising interest rates, and the fate and fortune of Elon Musk plus much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Grant on Twitter .Episode TimeStamps: 00:00 - Intro04:19 - Grant’s background05:54 - The big global macro picture16:08 - The role of the Federal Reserve today25:16 - Inflation...the great equalizer or not36:09 - Crypto and not so stable coins44:06 - Central Banking 2.058:43 - The danger signs in Real Estate01:06:58 - The commodity super cycle01:13:41 - Elon Musk...from Showman to Charlatan01:19:04 - Thanks for listeningResources discussed in this Episode:LINK: Things That Make You Go Hmmm... by Grant WilliamsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Alan Dunne joins us to discuss manager selection and how to overcome behavioural biases, based on his paper, “Solving the Manager Selection Puzzle”, narratives and dealing with randomness in Trend Following, the end of the 60/40 portfolio and moving from public to private equity, trend following performance and quantitative investment strategies, trend following in an ever changing world and the expectation of going back to “normal”, the challenges of globalization and demographics and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:00 - Intro02:14 - Summary of the week11:47 - The Challenges of Manager selection18:22 - The Influeence of Randomness25:57 - Alan's own Vulnerability28:16 - The 5 Step Solution30:03 - When the honest answer is what investors want to hear46:42 - The evolution of the 60/40 portfolio - Barrons article55:51 - Trend following in the Press01:02:53 - Will we ever go back to "normal"01:06:11 - The Great Demographic Twist01:09:00 - Performance UpdateResources discussed in this Episode:LINK: Solving the Manager Selection PuzzleCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Joseph Wang, former senior FED trader & known as the “Fed Guy”, joins us to discuss the credibility of the FOMC and what drives the neutral rate, Central Bank policies and the consequences of increased divergence, monetary policies and reducing liquidity to address the problems of inflation, de-globalization and how labour is no longer connected to corporate wellness, how the FED and other Central Banks have focused on the wrong things for the last few decades, exorbitant privilege and whether the FED is starting to lose control, safe assets and ways to preserve capital, cryptocurrencies, strength of the Dollar and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Joseph on Twitter .Episode TimeStamps: 00:00 - Intro03:13 - Joseph’s background06:34 - Shocking FED Announcement10:52 - Central Bank policies14:11 - Monetary policies and liquidity30:40 - Fed paper suggesting they don't know where Inflation comes from40:03 - The wider consequences45:45 - FED losing control?53:55 - Safe assets and crypto01:05:01 - What keeps Joseph up at night?01:09:52 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Trend Following legend Jerry Parker joins me today, where we answer questions regarding the effectiveness and risks of Richard Dennis’ “Pyramiding” methodology, how single stocks have performed differently than the indices recently, how to most optimally apply breakout systems, how to react to a drastic fall in a market like we saw in LUNA and the difference between performance of short and long trades in non-volatility targeted systems, how to avoid harmful research pursuits and popular ideas that just don’t work, different ways that ownership of a CTA passes on to a new owner, designing systems that gives you a high degree of consistency and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Jerry on Twitter.Episode TimeStamps:00:00 - Intro06:32 - What has caught Jerry’s attention?13:34 - Q1, Sascha: The Richard Dennis “Pyramiding” methodology18:35 - Q2, Jeff: Jerry’s current positioning in single stocks23:10 - Q3, Louis: Parameter selection for different breakout systems32:16 - Q4, Adam & Scott: How to deal with a drastic fall in a market like LUNA41:49 - Q5, Carl: What doesn’t work in Trend Following?48:34 - Q6, Brian: How to pass on ownership of a CTA Business53:34 - Designing consistent Trend Following systems01:09:17 - Trend, trends and no diversification01:22:36 - Performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Pippa Malmgren, former White House Adviser, technology entrepreneur and economist, joins us in today’s episode to discuss warfare in space and the space race between the super powers and the push to declassify UFO related information, how Pippa stays optimistic in a world of conflict and how the instability threatens Western democracy. We also discuss what we now know about COVID & the Vaccines and how this relates to the FED, how money printing has created a situation of both artificial calm and social unrest, whether China plans to invade Taiwan and what China has learned from the invasion of Ukraine, how the demographics of China and Russia can inhibit their power of action, how the lack of nuance contaminates the public debate and divides the population, the future of democracy and decline of autocracy, innovation and the jobs of tomorrow and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Pippa on Twitter .Episode TimeStamps: 00:00 - Intro05:26 - Out-sourcing & Off balance sheet government activities08:05 - Space warfare15:00 - Optimism in an unstable world20:00 - The Future of Western democracy25:10 - Money printing and its consequences27:55 - The Baltics and separating Germany from the Alliance33:52 - The prospects of China invading Taiwan46:40 - What we now know about COVID & the Risk of the FED making a huge mistake57:16 - Democracy in decline?01:11:14 - The jobs of tomorrow01:19:10 - Thanks for listeningResources discussed in this Episode:LINK: Pippa's SubstackCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Mark Rzepczynski joins us in today’s episode to discuss inflation and how it threatens the economy, the power and paranoia of Trend Following and how you make the most money as a Trend Follower, what history tells us about common risks and diversification, portfolio construction and whether having more markets gives you better returns, the timing of Trend Following and why you need to have it as a core allocation, how to build the optimal portfolio and why bonds currently may not warrent an allocation, Sci-Fi vs. Fin-Fi and how the FED being behind the curve affects Trend Following, why bond vigilantes are back and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:00:00 - Intro04:15 - Inflation09:09 - Trend Following update13:00 - Trends trends trends28:49 - Portfolio construction42:50 - Timing of Trend Following49:12 - The Optimal Portfolio55:12 - Sci-Fi vs. Fin-Fi01:04:16 - China and future growth01:06:07 - Overview of performanceCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Adam Rozencwajg, Managing Partner at Goehring & Rozencwajg, joins us in today’s episode to discuss ESG policies, the emerging energy crisis, and the new battle between the Climate-Green and the Nature-Green. We also dive into how the energy sector has evolved over time and the dark sides of renewable energy, why Moore’s Law does not apply to wind and solar energy, how cheap energy leads to distortion and malinvestment of energy, how the argument of human extinction skews the energy debate, nuclear energy and how it might be a solution to the climate crisis, how de-globalization has made the energy sector more vulnerable and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Adam on LinkedIn.Episode TimeStamps: 00:00 - Intro05:12 - Adam’s background & the history of Energy13:58 - The Dark side of Renewable energy29:11 - Moore’s Law36:54 - Malinvestment and creative destruction44:33 - The renewable energy debate52:34 - Nuclear energy01:04:54 - De-globalization and its consequences01:09:42 - Link between energy prices and GDP01:13:00 - Rounding offResources discussed in this Episode:Link: History of Energy G&R VideoCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Richard Brennan joins us to discuss the fragility of the market and what happens if the Central Bank screws up, the current regime and how it benefits Trend Following, volatility targeting and how trending towards equilibrium differs from trending towards transition, how Trend Following has developed over the years, why he always invest in liquid markets, system diversification and how it allows you to expand your market diversification, the weak edge of Trend Following and much more. -----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:00:00 - Intro02:32 - Weekly highlights13:35 - Volatility targeting and continuous systems38:30 - Researching structural reasons for success43:30 - System Diversification vs Market Diversification56:26 - The weak edge of Trend Following01:07:30 - Performance overviewCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Cem and I are joined by Izabella Kaminska, former Editor of Financial Times Alphaville and Founder of The Blind Spot, to discuss the war of information and mis-information, the aftermath of Covid 19, how the media contributes to a segmentation of society, the group-think phenomenon, how shifts in culture has an impact on economics and how the war between Russia and Ukraine affects the global economy. We also discuss the power balance between the Western and the Russian economy, the dollar standard and the factors that contribute to undermine the dollar, isolationism and what de-globalization will look like, the energy crisis and how ESG is becoming increasingly important and perhaps leading to the rise of nuclear technology and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Izabella on Twitter .Episode TimeStamps: 00:00 - Intro02:45 - About Izabella and her journey06:27 - Autocracy vs. Democracy15:50 - Covid19...the aftermath22:00 - Media Segmentation Theory31:34 - 2022 Economics49:50 - Western vs. Russian economy56:31 - Shift in commodities01:07:25 - Deglobalization01:18:55 - Nuclear technology01:24:41 - Prepping for the worst01:28:34 - Rounding offCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Rob Carver joins us to discuss what happened in the Trend Following world the past few weeks and takes questions from listeners regarding long/short portfolios and how to choose the right criteria for stock selection, positive and negative skew strategies and why mixing them together can be beneficial, interest rates and what to do with uninvested cash in your trading account, the substance and value of big research teams and whether they are “overthinking” the systematic investment game, asset classes and allocating risk, important differences between a moving average crossover strategy and a breakout strategy and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rob on Twitter.Episode TimeStamps: 00:00 - Intro02:21 - Market recap04:55 - Update from Rob14:50 - Q1, Adrian: “Good” criterias for stock selection?22:32 - Q2, Emre: Arguments for mixing positive/negative skew strategies?28:12 - Q3, Blink18: What to do with uninvested cash?33:45 - Q4, Harry Hindsight: What do big research teams really do?42:38 - Q5, Richard: Should the class level of an instrument be a criteria for inclusion?48:34 - Q6, Adam: Difference between moving average crossover and breakout strategy?54:14 - Q7, James: Common methodologies for position size?57:34 - The Financial plumbing01:05:20 - Fixed income markets are not all the same01:11:20 - War Stories01:17:25 - PerformanceCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In this episode, Niels and Cem are joined by Peter Zeihan, author and Geopolitical strategist, to discuss the New World Order and World War III, how the Globalization has become a new battleground rather than a barrier to conflict, the role of technology in modern warfare, how the US were able to read Putin's emails and the impact of war on a national and global scale, the military and political power of China, America and Russia and the relationship between them and the rest of the world, how democracy is affected by the “age of emergency”, the financial aspects of war and crises, crypto as a potential economic asset and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Peter on Twitter .Episode TimeStamps: 00:00 - Intro04:15 - How we got to the brink of WW3?09:42 - The role of technology18:32 - The relationship with China28:25 - Submarines and the war in Ukraine40:38 - Age of emergency and the threat to Democracy47:58 - Autocracy and technology54:34 - The financial perspective59:39 - The role of Crypto01:02:39 - Climate change01:06:56 - What Investors should do01:10:42 - The role and future of Governments01:17:11 - Thanks for listeningResources discussed in this Episode:LINK: The End of the World is Just the BeginningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today’s episode, Alan Dunne joins us to discuss currency markets and how we might see a new era of volatility in these markets moving forward, de-dollarization and the future prospects of the U.S dollar, recent performance of Trend Following and how it compares historically, insights from Alfred Winslow Jones as featured in the book, “More Money Than God”, portfolio construction techniques for managing risk, the importance of having a plan, long-only commodities vs. a long/short approach and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:00 - Intro02:16 - Market recap09:02 - New opportunities in Currency markets23:57 - Putting Trend Following performance in perspective33:13 - Insights from “More Money Than God”  40:04 - Fixed income vs. equities...where to hedge against inflation50:52 - Insights from recent conversations with CIOs58:49 - Commodities...Long Only or Long/Short01:09:20 - Overview of performanceCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Niels and Cem are joined by Dr. Ben Hunt, Creator of Epsilon Theory, to discuss how he uses game theory, history and behavioral analysis to understand Narrative and how it is used as a weapon to influence human behaviour, how technology has made us more susceptible to "nudging", how Narrative is used to create more competition, division and inequality, how important it is to recognize “the water in which we swim”, the power of Narrative and control of the media, and how to fight back against autocracy in pursuit of happiness, the Billionaires Protocol and much more!-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Ben on Twitter.Episode TimeStamps: 00:00 - Intro02:02 - Ben’s background06:03 - When did Narrative start to become dominant?16:43 - The nudging competetive state40:43 - The power of Narrative and “control” of the media49:24 - How do we fight back?54:08 - Crypto - a liberation tool?01:03:28 - Lack of imagination01:08:28 - Thanks for listeningResources discussed in this Episode:LINK: Epsilon TheoryCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jerry Parker joins us in today’s episode, to discuss pros and cons of adding different trading styles to your strategy and how to react when bad periods occur, using borrowed money as part of a systematic trading approach, expected returns of equities, finding the best investment strategy, achieving a high level of consistency in your Trend Following returns, using AI and Machine Learning to predict the future, Divergent Regimes and how they may last a lot longer this time, the geometry of classic Trend Following, what it takes to succeed and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:If it helps adding different styles to your trading strategyIf you should use borrowed money as part of a systematic trading approachHow to find the best investment strategyHow to achieve a high level of consistency in your returnsThe use of AI and Machine Learning...does it improve your returnsDivergent Regimes and the end of CarryThe geometry of classic Trend FollowingWhat it takes to succeed-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Jerry on Twitter.Episode TimeStamps:00:00 - Intro05:02 - What’s been on Jerry’s radar?07:30 - Q1, Isaiah - Add trading styles or stick with the “Trend Following + nothing”?19:31 - Q2, Nick - About leverage and using borrowed money25:40 - Jerry's Tweets38:30 - Consistency in returns & how to achieve this43:15 - AI and Machine Learning49:27 - Divergent Regimes56:51 - Geometry of trend following01:01:04 - Inertia of success 01:04:45 - Deep Roots article by Morgan Housel01:06:27 - Performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Alan Dunne is joined by Hugo Capel Cure, Managing Director of Rothschild & Co, to discuss how they build strong portfolios for their clients, how rising inflation can affect the markets in a surprising way, how they use CTAs and Trend Followers to mitigate risk, the challenges of staying invested, being a stock and fund picker at the same time, how manager selection is like a dating process and how they differentiate between process and outcome, how they make good decisions as a team, how to act in times of crises, the people who inspired Hugo to become a better investor and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How to build strong Multi-Asset portfolios for your clientsHow using CTAs and Trend Followers can help mitigate riskHow manager selection is like a dating processHow to make good decisions as a teamHow to be well prepared for the next crises-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Hugo on LinkedIn .Episode TimeStamps: 00:00 - Intro03:18 - Introduction to Hugo’s work and investing strategy18:32 - From correlation focused to trading oriented strategies24:50 - Being allocated to trend followers28:35 - Challenges of staying invested30:23 - Being a chef and a critic39:41 - Making decisions and having a plan53:09 - People who have inspired Hugo59:31 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In this week’s episode, Tim Pickering, Founder of Auspice Capital, joins me to discuss why commodities play such an important role in a portfolio, how to create a strategy that adapts to different volatility regimes, why he created The Auspice Broad Commodity Index, the role and importance of ESG in commodities trading, how commodity futures can be used as a risk mitigation tool, why Ukraine is so important for commodities, how to effectively protect yourself against inflation and much more-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Why commodities play such an important role in a portfolioHow to create a strategy that adapts to different volatility regimesHow ESG and commodities trading is closely relatedWhether to embrace Chinese commodity marketsWhy the war in Ukraine is so important for commoditiesStrategies for protecting yourself against inflation-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Tim on Twitter.Episode TimeStamps:00:00 - Intro02:40 - What has caught Tim and Niels’ attention recently? 06:33 - What has happened since last Niels and Tim spoke in 2014?11:45 - Has Tim made any major research discoveries since last time?19:31 - Why commodities and why now?30:50 - How much room for liquidity is there in the markets?37:32 - Tim’s thoughts on the LME44:31 - Thoughts on commodity exposure and futures51:51 - Why is Ukraine so important for commodities?01:00:16 - Risk mitigation strategies at big pension plans01:07:08 - Update on performanceCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today’s episode, Alan Dunne is joined by Katherine Molnar, CIO of Fairfax County Police Officers Retirement System, and Andrew Spellar, CIO of Fairfax County Employees Retirement System, to discuss how asset allocation is handled by one of the best performing public pension funds, how they manage risk and balance their portfolio through diversification, how the current instability in the markets has shaped their investment strategy, expectations of returns for different investment strategies, running portfolios using a risk parity framework, moving into digital assets, manager selection and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How asset allocation is handled in a successful public pension fund like Fairfax County Retirement SystemHow they manage risk and create balance in their portfoliosHow instability in the markets has shaped their strategyHow they look at return expectationsThe (brave) move into digital assetsManager selectionSkills and challenges of being a CIO-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Katherine on LinkedIn .Follow Andrew on LinkedIn.Episode TimeStamps: 00:00 - Intro03:05 - Overview of Fairfax County’s asset allocation strategy14:27 - How has the current market affected their strategy?19:35 - The growth of risk mitigation strategies28:42 - Setting return expectations37:02 - What scenario keeps Molnar and Spellar awake at night?39:38 - Digital assets in a public pension plan51:05 - Manager selection...the insight scoop58:00 - Skills and challenges of being a CIO01:04:30 - Advice on becoming a better allocator01:08:08 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Rich and I discuss the Q1 Trend Following performance and how it turned out to be one of the best calendar quarters for the SG Trend and SG CTA indices. We also dive into my own "thesis" about trend following in a De-Globalized world and why I believe that we may be returning to the golden era of trend following, like in the 1970s, 80s and 90s. As usual we debated a few great questions from our community, relating to Volatility Targeting and how to manage your Stop-Loss. A lively episode for sure!-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Interest Rates and the current Bear Market in BondsOur slighltly different definitions of the term "Crisis Alpha"The concern's Rich has for the World, and what that means for Trend FollowingThe impact on Trend Following of a De-Globalization of the WorldThe difference between initial and trailling stops, and when to use themWhat software to use to backtest your systemsWhether dynamically adjusting your position size during a trade is better or worse than keeping it static-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:00:00 – Intro03:09 – Weekly recap from Niels05:22 - Update on Rich's Battleship15:35 - Crisis Alpha...yes but much more21:40 - My Trend Following Thesis37:24 - Q1, Andrew: Could you all define the use of a trailing vs initial stop in systems you use?52:25 - Q2, Nicolas: Do you know any affordable back testing systems, other than Excel?56:45 – Q3, Brian: If you Vol adjust your positions...when, if ever, do you re-establish your full position if volatility collapses?01:21:26 – Industry Performance UpdateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Alan Dunne is joined by Ted Seides, host and creator of the Capital Allocators podcast, to discuss the investment approach and philosophy of David Swensen, the Yale Model and how Seides has used the model to develop his own approach, whether being a hedgefond allocator has become gradually more difficult over the years, the bet Seides made with Warren Buffett, asset allocation vs. manager selection and the challenges to overcome, what Seides has learned from doing his podcast, decision making processes and governance, crypto currencies and digital assets and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:The philosophy of David Swensen and the Yale ModelHow the role of hedge funds has changed over the yearsThe bet Seides made with Warren BuffettAsset allocation vs. manager selection and the challenges to overcomeWhat Seides has learned from doing his podcastThe importance of leadership and time managementThe difficulty of making a good decision in the heat of the momentThe future of crypto currencies and digital assets-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Ted on LinkedIn .Episode TimeStamps: 00:00 - Intro03:23 - Ted’s background07:35 - How Seides deviates from Swensen in his approach10:36 - The Yale Model and the end of 60/4015:55 - Is it more difficult to be a hedgefond allocator now?23:03 - Asset allocation vs. manager selection31:35 - What has Seides learned from doing his podcast?39:58 - Learning by doing vs. learning from courses etc.41:22 - What has Seides learned from interviewing CIOs and Allocators?43:35 - What constitutes good and bad governance?49:14 - Ted’s perspective on crypto currencies and digital assets51:55 - Macro trends in the coming years53:39 - Reflection on the success of Ted’s podcast57:47 - How Ted’s role has evolved01:01:21 - Thanks for listeningResources discussed in this Episode:Link: David F. SwensenCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Mark Rzepczynski joins me in this week’s episode, to discuss strategies for rebalancing your portfolio, the coming de-globalisation and its impact on Trend Following, especially in light of events in Ukraine, the Hedger’s dilemma and how the LME may have lost the trust of its clients, divergence and how it might cause disruption in markets, what Mark learned from working with Ned Johnson III at Fidelity, and how the principle of Kaizen can be applied to trend following.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Different strategies for rebalancing your portfolioHow de-globalisation can impact Trend FollowingThe recent events in Nickel trading at the LMEHow divergence might cause disruption in markets,How the Japanese philosophy, Kaizen, can be applied to trend following-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:00:00 - Intro02:10 - Market recap04:41 - What has caught Mark’s attention recently?13:46 - Overview of the week18:28 - Q1, Brett: Any thoughts on rebalancing based on trending performance?30:45 - Trend Following, globalization and the Dark Ages47:15 - What happened at LME?59:18 - Fidelity, Edward Johnson and the Kaizen philosophy01:14:29 - Update on performance Resources discussed in this Episode:Link: Edward ‘Ned’ Johnson, Former Fidelity CEO, Dies - WSJCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In this episode, Niels and Rob is joined by Kevin Coldiron, co-author of the book “The Rise of Carry” and lecturer in Asset Management at UC Berkeley, to discuss the use of carry trading as a trading strategy, how it relates to volatility and risk, how carry trading creates market feedback effects, and how that is distinct from feedback created by other strategies, how it can play a role in financial bubbles, whether we are still in a carry regime or transitioning away from it and what comes after.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn This Episode, we discuss:The increasing popularity of carry trading and its role in the global economyThe risk and volatility of carry trading, and how it can play a role in financial bubblesHow carry trading creates market feedback effects, and how that is distinct from feedback created by other strategiesThe role of liquidity within the carry worldThe future of carry-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on TwitterEpisode Timestamps:00:00 - Intro02:25 - Introduction to Kevin05:53 - Background on the co-authors of Kevin’s book09:43 - Definition of carry trading with examples13:56 - Volatility vs. risk23:11 - The role of Volatility in investing28:27 - Carry trade suppressing volatility35:55 - Does carry trades play a role in financial bubbles?41:01 - The current carry regime?43:38 - Carry in macroeconomics52:48 - What comes after the carry regime?01:05:44 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In today's episode Alan Dunne joins me to discuss many different aspects of trend following - its relevance, strengths, weaknesses and future, roll-harvesting strategies, what causes trends in markets, whether it is too late to invest in trend following, its role within risk mitigation, how investors perceive trend following and if you really need to trade strategies that fits your personality.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Trend following and its strengths, weaknesses, relevance and futureDealing with volatility as a trend followerFinding investment strategies that fits your personalityWhat causes trends in marketsRisk mitigation strategies-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:00 - Intro02:45 - Market recap04:32 - Overview of the week11:35 - Q1, ABE: What are your opinion on roll-harvesting strategies?21:06 - What causes trends in markets?43:05 - Is it too late to invest in trend following?50:22 - Risk mitigation and investor perception of Trend Following58:42 - Key insights from the Allocator series so far01:06:51 - Update on performanceResources discussed in this Episode:Hedge funds pull in another USD11.29bn in JanuaryCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In this episode Hari is joined by Alex Gurevich, author, PhD in mathematics and founder of HonTe Investments, to discuss how he values bonds differently to many investors today, how to build a balanced portfolio, the many ways to loose money when buying an option (even if you are "kinda" right) as well as how he makes decisions as a trader, how to manage stress and keep a healthy lifestyle as a hedge fund manager and what the future of the global financial markets may look like.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How different types of bonds are valuatedThe pattern in how many times the FED tends to move rates, once they beginWhy Rate cycles are getting shorter (in time)Why Alex believes that the FED should not raise rates before reducing their balance sheetAlex playbook for the Ukrainian crisis: Oil could collapse to $40 and Rates could go back to zeroHow your performance can end up defining who you are (if you are not careful)The synchronisation of the central banks and how the future might look for the global financial market-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Hari on Twitter.Follow Alex on Twitter.Episode TimeStamps: 00:00 - Intro02:42 - Introduction to Alex and his background07:20 - How Alex think about bonds16:37 - Have bonds become more important since 2008?18:15 - Making decisions as a trader, and handling victories and defeats28:01 - Why did Alex go into dividend futures during Covid crisis?33:41 - What Alex would have done if the FED had not stepped in during the Covid crisis35:40 - How manager can feel that their performance defines who they are41:27 - The synchronization of central banks and the affect on rates48:59 - What’s going to happen with the FED going forward?54:05 - Rounding off and overview of Alex’s books59:38 - Thank you for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jerry Parker joins me in today’s episode to discuss trend following as a robust guide to the markets in a world of instability and insecurity. We also discuss the recent short squeeze in nickel which has led to an unprecidented response from the LME, how to develop a trend following system, and what to do if you miss a breakout trade. We dive into when to trade index-based products vs. single stocks, how to manage trailing stops, and Jerry's decision to stop doing trend following research and rounding off our conversation with interesting and somewhat provocative tweets from Jerry. -----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Trend following and volatility in relation to the current situation in UkraineThe recent short squeeze in nickel trading and the reaction from the LMETips and tricks to grow as a trend followerHow to develop a good trend following systemHow to manage trailing stopsHow Jerry managed his short Russian stock positionWhat Jerry will focus on as he stops doing Trend Following Research-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Jerry on Twitter.Episode TimeStamps:00:00 - Intro01:40 - Summary of the week08:03 - What happened this week with nickel trading14:53 - Q1, Josh: Any tips and tricks for Trend Following investing and ETFs?31:57 - Q2, William: How do you react following a missed breakout?37:11 - Q3, ABE: Is it wise to avoid Index-based products and how to trade CTA Index Futures? How do CTAs as an industry, become part of the financial zeitgeist going forward?45:36 - Q4, FunnyMoney: Are trading stops intra-day or managed at the next day open?49:25 - What happens if you stop doing trend following research57:00 - Tweets from Jerry01:20:43 - Performance overview01:21:49 - Thanks for listeningResources discussed in this Episode:LINK: From VW to JPMorgan, the Unlikely Cast Behind Nickel’s Big SqueezeLink: Nickel Short Squeeze & Exchange safeguards explainedCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

In this episode, Alan Dunne is joined by Chris Schelling, Chief Investment Strategist at Venturi Private Wealth and author of the book “Better Than Alpha”, to discuss asset allocation and how assets are managed in the private space vs institutional space, about disrupting the 60/40 model and formulating a new standard, the evolution of the industry over the years, the role of liquidity in asset allocation, the use of Alpha and Beta in investment, what it takes to be a skilled manager and the risk of manager selection.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How are assets managed in the private space vs institutional spaceBiases in asset allocation and how to overcome them.Using Alpha, Beta and other investment strategiesDue diligence and things to avoid in the processThe risks of manager selection and what it takes to be a good manager.-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Chris Schelling on LinkedIn & read his book.Episode TimeStamps: 00:00 - Intro03:23 - About Chris’s background and his role at Venturi12:45 - Disrupting the 60/40 model and formulating a new standard17:54 - How the industry has evolved over the years21:56 - Is private equity less risky?23:43 - Is liquidity being more or less valued as it should be?27:39 - Alpha, Beta and mapping strategies into categories32:37 - Dispersion and persistence of returns36:30 - How to set objectives and make decisions40:14 - Overcoming biases44:20 - Dealing with randomness47:33 - Important skills managers need to have54:29 - Timeframe for analysing a manager’s performance57:46 - Things to avoid in the due diligence process01:00:14 - Risks within manager selection01:03:00 - How much experience do you need?01:05:09 - Advice for working with asset allocation and manager selection01:06:12 - Book recommendationsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today Rob Carver joins me to discuss how the Trend Following world is reacting to the aweful situation in Ukraine and how it affects markets and volatility, discussing the moral aspects of trend following in times of crises and we take lots of questions from our community regarding how to handle parabolic market moves, if trend following is over-crowded, who we believe is the next David Harding, how to allocate to different speeds of Momentum/Trend Following as well as thoughts on rebalancing assets and portfolios and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How the aweful situation in Ukraine affects trend following and volatilityRebalancing strategies within your portfolioThe advantage of systematizing your tradingWhen I sat down with the founds of AHL at Abbey Road Studios-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rob on Twitter.Episode TimeStamps: 00:00 - Intro02:15 - Update on markets05:50 - What has caught attention and review on performance27:08 - Status on Rob’s book29:27 - Q1, Harry: What might next frontier be that seems silly today, but common sense later? Who's the next David Harding?34:04 - Q2, Ravi: What are the implications to the markets and the wider global economy?39:00 - Q3, Zoran: How do you navigate through such events (war in Ukraine) as a systematic investor?46:00 - Q4, Richard: If trend following ever became overcrowded, could you identify it and would you take any action?51:55 - Q5, Y: Should traders rely on the experience of past wars/conflicts or is this time different?55:31 - Q6, Emre: Any advice on rebalancing my assets and portfolio?01:02:35 - Q7, Gene: How do you and your guests reason about the timing of your trades?01:08:03 - Q8, Akul: Why not dynamically change the allocations to different speeds of momentum?01:14:32 - Q9, Zach: Is there a way to add trend following volatility instruments? 01:18:53 - Q10, Carl: How to rebalance between multiple strategies?01:22:12 - Thank you for listening, and whats coming up nextCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

On today’s episode, Alan Dunne is joined by Alan Higgins, the CIO and Chief Market Strategise of Coutts UK, also known as the Queens Bank, to discuss sound ways to invest in today’s environment, Alan’s interest at an early age in how to earn a risk premium, being a 60/40 investor and how the strategy will evolve, asset management vs. wealth management, distressed debt investing, behavioural biases, inflation, equity and interest rates, as well as the Yale Approach finishing off with some book recommendations on asset allocation and investing.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:What the 60/40 portfolio will look like in the next decadeThe surprise of markets ability to trendThe value of Risk Mitigation, but how it’s not enoughInsights to the inflationary period in the UK under Nigel LawsonWhy this time feels differentLessons from the 1987 Crash-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Alan Higgins on LinkedIn .Episode TimeStamps: 00:00 - Intro03:05 - Alan’s background and current role04:44 - Risk premium and fixed income24:33 - Setbacks and drawdowns26:45 - Inflation35:06 - Interest rates, bonds and dividends43:22 - Asset allocation and portfolio construction46:18 - Alan’s role at Eighteen48 Partners48:33 - David Swensen and the Yale Approach50:15 - Risks of private equity strategies52:16 - Good vs. bad investment processes55:00 - Managing investment teams56:52 - Book recommendations01:01:06 - Summary by NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Richard Brennan joins us today to discuss the power of Trend Following during periods of heightened uncertainty, Trend Following applied to the ESG space, how endogenous price shocks cause longer-term trends, the new Top Traders Monthly Trend Following report, shorter-term Trend Following versus longer-term, and how ‘buy the dip’ investors are likely unprepared for sustained underperformance in stocks.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Why now might be the best time to be invested in Trend Following strategiesHow systematic investing can be applied to the ESG spaceThe cause of longer-term price trendsThe Top Traders Monthly Trend Following reportThe best lookback period for Trend Following modelsThe need to diversify away from the ‘buy the dip’ mentality-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:00:00 – Intro03:49  – Macro recap from Niels06:40 – Weekly review of performance16:35 – Thoughts on Niels, Rich & Jerrys’ LinkedIn conversation with Harold De Boer of Transtrend23:16 – Q1; Frank : How do you see Trend Following strategies fitting into the ESG space?31:43 – Why we developed the Top Traders Monthly Trend Following report51:55 – Q2; Steve : What else causes a long price trend if endogenous shocks are the initial cause?01:09:39 – Shorter-term Trend Following versus longer-term Trend Following01:15:11 – The power of Trend Following during this period of heightened uncertainty01:20:14 – Benchmark performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Alan Dunne is joined today by Elizabeth Burton to discuss managing a public fund versus a private fund, the challenges to those invested in the traditional 60 / 40 portfolio, the current outlook for inflation, performing above expectations, how to re-position a portfolio for higher expected inflation, fixed income versus real assets, categorising asset classes effectively, the limits of mean variance optimisation, using historical perspectives as an input into current decision-making, difficulties in the manager selection process, and how to simplify complex ideas in order to communicate more efficiently.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:The outlook for inflationAchieving high performance consistentlyHow to re-allocate a portfolio accordinglyMean variance optimisationWhether this time is differentSelecting the right managerSimplifying complexity for better understandingFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Elizabeth on LinkedIn .-----Episode TimeStamps: 00:00 - Intro03:30 - Elizabeth’s background and history in the investment world04:55 - Elizabeth’s perspective on today’s markets06:52 - Managing a public fund versus a private fund08:14 - Performing above expectations09:38 - The current outlook for inflation11:31 - How to re-position a portfolio for higher expected inflation13:57 - Fixed income versus real assets14:51 - Categorising asset classes effectively19:56 - The limits of mean variance optimisation21:59 - Using historical perspectives as an input into current decision-making24:09 - Whether this time really is different25:25 - Difficulties in the manager selection process28:35 - Choosing between macro and systematic investors30:08 - The pitfalls of investing with macro traders32:40 - Investing in a manager who includes crypto in their portfolio34:34 - Allocating between systematic and discretionary managers36:45 - How to screen for a good money manager40:44 - How to respond when a manager is underperforming43:48 - Process over outcome47:04 - Working with consultants52:27 - Lessons from a leadership coach57:00 - Simplifying complex ideas for better communication 01:00:28 -Advice for aspiring allocatorsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Mark Rzepczynski joins us today to discuss Trend Following versus Momentum strategies, the need to be humble about making economic forecasts, how Central Bank policies affect Trend Following performance, Cathie Wood and ARKK coming under pressure from the media, Trend Following on options, calculating a systems’ risk-to-stop, vetting new investors for their ability to handle risk, hard data versus stories, when to apply the ‘Moscow rules’.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How Trend Following differs to momentumAvoiding the need to make predictionsThe Federal Reserve and its effects on Trend Following strategiesARKK’s media scrutiny following recent poor performanceThe similarities between Trend Following and optionsHow to calculate ‘risk-to-stop’Qualifying new investors before accepting them as clientsThe “Moscow Rules"-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:00:00 – Intro02:02  – Macro recap from Niels04:39 – Weekly review of performance23:00 – Q1 Zack: How should I calculate the risk-to-stop metric?28:42 – Q2 Peregrine: Vetting new investors for their ability to handle risk 42:09 – Q3 Graham: Can you detail some of the definitions of a breakout?47:24 – Trend Following versus Momentum01:00:58 – Molecules of prices01:08:31 – Data versus stories and when to apply the ‘Moscow Rules’01:15:00 – Benchmark performance update01:15:52 – A big thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen Copyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Alan Dunne is joined today by Sebastien Page to discuss how price shocks affect correlations, approaches to strategic asset allocation, how to position portfolios for the years ahead, the current outlook for equities their various sectors, investing in a rising interest rate environment, responding to unexpected regime shifts in the markets, defining and achieving utility maximisation, the merits and drawbacks of mean variance analysis, how to properly diversify a portfolio, the durability of treasury bonds, lessons from research on high performance individuals and teams, achieving a state of ‘flow’, and how to simplify complex financial topics.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Ever-changing market correlationsStrategic asset allocationResponding to interest rate changesAchieving utility maximisationMean variance analysisPortfolio diversificationTreasury bondsHigh performance teamsSimplifying complexityFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Sebastien on LinkedIn & read his book.-----Episode TimeStamps: 00:00 - Intro03:52 - Sebastien’s journey into the investment management industry07:45 - How Sebastien’s book came about09:39 - Current view on the markets13:37 - How to position portfolios for the year ahead and beyond18:41 - The current outlook for equities and the sectors within19:43 - Investing in a rising interest rate environment24:06 - Responding to unexpected regime shifts in the markets27:04 - Approaches to strategic asset allocation33:24 - Defining and achieving utility maximisation37:48 - The merits and drawbacks of mean variance analysis41:49 - Using scenario analysis47:41 - Distributions during different market regimes55:12 - How to properly diversify a portfolio58:51 - The durability of treasury bonds01:05:18 - Lessons from research on high performance individuals and teams01:07:58 - Achieving a state of ‘flow’01:10:58 - Simplifying complex financial topics----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HereCopyright © 2025 – CMC AG – All Rights ReservedPrivacy PolicyDisclaimer

Today, Alan Dunne joins me to discuss how the change of tone from central banks can affect markets globally, Trend Following in a rising interest rate environment, the case for and against including carry trades in a Trend Following portfolio, how managed futures Trend Following can help investors throughout ever-changing markets, the future of the traditional 60 / 40 portfolio, some takeaways from Alan’s conversation with Phil Huber on this week’s new Top Traders Unplugged Allocator Series, and why we might be entering a great period for Trend Following strategies.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How central bank signalling affects risk appetite around the worldHow Trend Following might perform in a rising interest rate environmentIncluding carry trades in a Trend Following portfolioHow managed futures can help investor throughout ever-changing marketsThe viability of the 60 /40 portfolio going forwardWhy a new golden era for Trend Following might be emerging-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode TimeStamps:00:00 - Intro02:36 - Macro recap from Niels05:29 - Weekly review of returns09:55 - How the change of tone from central banks affects the markets18:29 - Trend Following in rising interest rate environment25:19 - Including carry trades in a Trend Following portfolio36:12 - The future of the 60 / 40 portfolio46:53 - Some takeaways from Alan’s conversation with Phil Huber on this week’s Allocator Series52:43 - Why we might be entering a great period for Trend Following01:01:56 - Benchmark performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Alan Dunne is joined today by Phil Huber, in the first of our new Allocator Series, to discuss the education gap that needs to be filled regarding efficient capital allocation, the typical clients and types of portfolios that Phil deals with, adjusting portfolios to accommodate for changing market cycles, defining ‘alternative investments’, the extent to which a portfolio should be actively managed, traditional versus alternative investments, the challenges of manager selection, cultivating a behavioural edge as an allocator, and how to manage difficult conversations with clients.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Better education around capital allocationAllocating capital throughout various market cyclesHow to define an ‘alternative investment’How actively we should manage a portfolioTraditional versus alternative investmentsThe difficulties in the manager selection processBeing a great behavioural investor as an allocatorDifficult conversations with clientsAdvice for aspiring capital allocatorsFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Phil on Twitter.-----Episode TimeStamps: 00:00 - Intro02:44 - How 2022 has been for allocators so far03:13 - Phil Huber’s journey into investing05:46 - Why Phil wrote a book on capital allocation09:00 - The typical clients, and types of portfolios that Phil deals with12:07 - The 60 / 40 portfolio and how it became so popular18:49 - Adjusting portfolios to accommodate for changing market cycles22:37 - Defining ‘alternative investments’30:27 - Choosing which strategies to invest in, and when to choose these strategies37:45 - The extent to which a portfolio should be actively managed39:36 - Traditional versus alternative investments40:04 - The challenges of manager selection49:51 - Cultivating a behavioural edge as an allocator53:09 - The importance of courage54:55 - Managing difficult conversations with clients01:01:68 -Advice for aspiring asset allocators----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HereCopyright © 2025 – CMC AG – All Rights ReservedPrivacy PolicyDisclaimer

Jerry Parker joins us today to discuss the importance of hanging on to your outlier winners, value investing versus trend following, the optimum number of entry & signals per trade, the need to redefine ‘safe assets’, Jerry & Richard Brennans’ thoughts on Howard Marks’ remarks about Trend Following, risk parity within a Trend Following portfolio, the unpredictability of endogenous outliers, and deconstructing the old narrative that ‘Trend Following is dead’.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Letting winners run and cutting losses earlyUsing 1 entry signal and 1 exit signal per trade versus multiple signalsRedefining what are typically known as ‘safe assets’Howard Marks’ opinion on following priceAchieving effective risk parity within a portfolioHow endogenous outliers are hard to predict-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Jerry on Twitter.Episode TimeStamps:00:00 – Intro01:44 – Macro recap from Niels05:24 – Weekly review of performance11:51 – Jerry & Rich’s thoughts on Howard Mark’s opinion of Trend Following24:46 – Why exit rules might be harder to create than entry rules43:45 – Risk parity within a Trend Following portfolio51:03 – The unpredictability of endogenous outliers01:10:08 – The old narrative that ‘Trend Following is dead’01:13:54 – Benchmark performance update01:15:01 A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listenCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Hari Krishnan is joined today by Cem Karsan, to discuss feedback loops across different markets, the decision to manage outside money, how institutions make trading decisions, the global macro effects from COVID-19, the importance of dealer flows in the markets, the feedback loop between options and their underlying assets, and approaches to delta hedging.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How market behaviour is often intertwinedWhy Cem chose to manage outside capitalThe thinking behind institutional market movesHow the global pandemic affected marketsDealer flowsFeedback loopsDelta hedgingFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Hari on Twitter.Follow Cem on Twitter.-----Episode TimeStamps: 00:00 - Intro02:17 - Cem’s background, and current work19:18 - The decision to manage outside money24:06 - The trades that institutions like to make30:22 - Feedback loops within markets34:17 - The dynamic between futures and options51:15 - Using Econophysics to find hedging methods53:40 - Building various volatility models and research using toy models57:05 - Approaches to Delta hedging01:00:11 -Changes to qualitative features of overnight indices01:03:12 -Investment products on the VIX and effects on the S&P 50001:10:09 -The feedback loop between inflation, deflation and central bank rate policies01:20:01 -Whether or not there is an asymmetry between deflation and inflation riskCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Mark Rzepczynski joins us today to discuss how Federal Reserve policy affects the Trend Following environment, the benefits of scaling into and out of positions, Howard Marks’ opinion on the value of price, the factors that drive commodity prices, why typical inflation-hedges may not be as reliable as their reputation implies, how Trend Following is the perfect way to complete your portfolio, and the differences between a ‘trend chaser’ and a trend follower.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Central bank policies and their effects on Trend Following performanceThe benefits of having multiple entries and exits across different timeframesHoward Marks’ recent thoughts on trading price action onlyThe status of the commodity marketsHedges against inflationCreating the perfect portfolio using Trend FollowingTrend Following versus ‘trend chasing’-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to [email protected] please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Mark on Twitter.Episode TimeStamps:00:00 – Intro02:05 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen 02:36 – Macro recap from Niels06:22 – Weekly review of performance15:10 – Q1; Zack : Has there been any research into how systematic investing improves ones performance over discretionary investing?41:24 – Making predictions on commodities and inflation50:27 – How Fed policy affects the Trend Following environment01:04:18 – The re-emergence of longer-term terms01:13:43 – Benchmark performance updateCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer