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Ep. 1104: Mike Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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How to Protect Yourself From a Bear in the US Equity Market

If we're coming into one of these periods where the current equity bear in the US, maybe it goes to crash level. What this does is eliminate that risk because you've got essentially negative one correlation with a put protection on it offsetting that. This return driver diversifier doesn't have to make as much money as the stock market. It just has to pay for the cost of the puts and it can be more broadly diversified.

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