Top Traders Unplugged

Join economists Koen De Leus, Chief Economist at BNP Paribas, and Philippe Gijsels as they dive into how Trump's leadership might stimulate European innovation and independence. They discuss multi-globalization, emphasizing emerging markets like Vietnam in a shifting global trade landscape. The talk delves into the bullish future of copper amid supply challenges and the evolving role of AI in job markets. Listeners will also appreciate insights on Energy Return on Investment and how Europe must respond to geopolitical shifts.

In this discussion, Mark Rzepczynski, a macro insights expert and market analyst, examines today's unpredictable financial landscape. He explores the breaking down of traditional market relationships, like the unreliability of bonds amidst political interventions. They delve into the intricate connection between social trust and economic stability, illustrating how cultural trust affects inflation. The conversation highlights the necessity of adapting trend-following strategies to navigate this age of uncertainty, offering listeners valuable insights for risk management.

Elroy Dimson, a finance professor and research director at Cambridge Judge Business School, and Kiran Ganesh, managing director at UBS Global Wealth Management, dive into the surprising resilience of the U.S. economy over the past 25 years. They discuss the significance of diversification amid market volatility, the evolving role of bonds, and the impact of factors like equity risk premium. Their insights also touch on historical downturns and shifting investor sentiment, along with emerging investment strategies that blend traditional assets with newer options like cryptocurrencies.

Andrew Beer, a managing member at Dynamic Beta Investments and expert on alternative investments, joins to discuss the challenges facing trend following strategies. He highlights how recent complexities and short-term models may be undermining their effectiveness. The conversation delves into the effects of political volatility and allocator fatigue, advocating for a return to foundational principles rather than chasing innovation. Through engaging anecdotes, Andrew emphasizes the need for resilience in trading amidst a tumultuous market landscape.

In this conversation, Jim Bianco, an independent macro research expert and founder of Bianco Research, dives into how current volatility may signal a new market era rather than a temporary phase. He discusses the historical roots of inequality, linking labor unrest in 1880s Chicago to today's economic disparities. Bianco emphasizes the challenges posed by rising tariffs and inflation, suggesting that traditional investing strategies may no longer suffice. Listeners are prompted to rethink their financial positioning in this shifting landscape.

Cem Karsan, a market expert, dives deep into the lurking shifts shaping our economy. He examines the implications of stagflation and the liquidity drain that many overlook. Karsan discusses how elite universities are adapting their financial strategies and the significance of Warren Buffett’s exit in the investment arena. The conversation meanders through the political implications of economic decisions, the role of OPEC, and the responsibility of societies facing crises. Insightful storytelling connects generational narratives to current market dynamics.

Demetri Kofinas, the insightful host of the Hidden Forces podcast, joins for a gripping discussion on the narratives shaping our perception of markets. He argues that today’s biggest risk isn't volatility but our flawed beliefs and the distortion from financial media. The conversation touches on the rise of financial nihilism, the Federal Reserve's complex role, and the necessity of accountability in a fragmented society. Kofinas stresses that true clarity in a chaotic world comes from questioning entrenched narratives and embracing intellectual honesty.

Rob Carver, a trend follower and author focused on risk management, offers insights into the challenges of trend-following in today's turbulent market. He discusses the evolving nature of safe haven assets, questioning their reliability amid economic shifts. The conversation also touches on the importance of risk management strategies and execution speed during market fluctuations. Carver reflects on past trading experiences, emphasizing lessons learned from significant losses, and advocates for simpler trading strategies as a pathway to success.

What if the most dangerous thing in the global economy isn’t a shock — but the quiet collapse of the frameworks we still rely on?In this rare, unfiltered conversation, Kenneth Rogoff — Harvard professor and former IMF Chief Economist — joins Kevin Coldiron to confront the reality that’s too uncomfortable for most policymakers to admit:The world has changed. The models haven’t.Rogoff explores what happens when inflation refuses to respond, debt compounds beneath the surface, AI reshapes productivity, and geopolitics redraws the map — while central banks keep playing by yesterday’s rules.This isn’t a call for panic. It’s a call for intellectual honesty.Because in a world where the past no longer explains the present, clarity is the only edge that matters.If you manage capital — or ideas — in a world built on assumptions, this episode is for you.-----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 info@toptradersunplugged.comAnd 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 Kenneth on X and read his book.Episode TimeStamps: 02:01 - Introduction to Kenneth Rogoff03:04 - What is at stake if the dollar loses its dominance?09:13 - How Trump tariffs are destroying the dollar13:27 - What are the alternatives to the dollar dominance?19:18 - How increased military spending could strengthen the European currencies27:19 - The Chinese Yuan is evolving36:01 - The potential for alternative stable coins43:25 - The perks of currency dominance44:26 - Why dollar dominance gives us lower rates52:05 - Are we entering a new era of currencies?54:55 - What form will the financial repression take?59:24 - How Rogoff would deal with the U.S debt01:03:21 - We are gambling on rates01:06:31 - Its time for the profession to wake upCopyright © 2024 – 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

This episode is all about exploring the intricacies of market behavior, how trends shift, and what that means for our investment strategies. We’re having a serious chat about the impact of recent market fluctuations and how they influence our approaches to trend following. Together with Nick Baltas, we’ll touch on the dynamics of crowding in trades and how that shapes investor sentiment. So, grab your headphones and get ready for a straightforward, no-nonsense journey through the latest trends and insights in the investing world.-----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 info@toptradersunplugged.comAnd 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 Nick on Twitter.Episode TimeStamps:01:59 - What has caught our attention recently?09:44 - We are entering an era of new market drivers15:31 - Why gold might be overrated17:34 - The challenges that investors are facing at the moment21:26 - Pension funds - reasons for concern?25:05 - Industry performance update27:08 - How Baltas' models react to the current markets30:46 - Industry performance numbers32:57 - Q1, Tim: Should an allocator into trend following strategies keep holding on to the winners or switch between trend following strategies?43:35 - Q1.1, Tim: Based on his models, where does Nick currently see crowded trades, and what is his assessment on crowdedness / positioning in equities where things have been particularly choppy?47:15 - Q2, Dimitri: I’m curious whether Nick sees banks allocating more resources to systematic strategies in credit over the next few years?51:12 - Deep dive into economic trend58:29 - Discussing Katy Kaminski's & MAN Groups latest paper on crisis and corrections01:06:31 - What is up for next week?Copyright © 2024 – 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