AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Effects of the Central Bank on Trend Following Performance
I'm curious from a theoretical perspective, whether you think the reason these markets trend is fundamentally different than the reason we might see trends in more traditional markets. Is it possible in some of these smaller markets that it's actually the operational burden creates limits of arbitrage that slows down price discovery? If these markets were more illiquid than they are, that would be an interesting hypothesis. But these markets in some places are as liquid or more liquid that none of the markets that we're trading really count as illLiquid markets where there's some sort of slow moving price discovery. The reason these markets Trend is exactly the same reason that the developed markets trend.