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Ep. 986: Karen Petrou Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Fed's Betting on the Stock Market Collapse

If we raise rates at this moment in time, you and I know what happens. Most Americans, including many baby boomers, do not have pensions because the United States switched to a defined contribution plan from Europe. Yield-chasing is a structural risk. Even if you were right about the importance of equity markets to long-term prosperity, it's not shared in any way. If we raise rates, though, stocks will come down. But if they come down gradually...

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