What if trends in financial markets are not anomalies, but the natural consequence of how markets function? In this episode, Niels and Richard explore the structural foundations of trend following. Drawing on research spanning 68 futures markets across four decades, Richard explains why markets exhibit persistent trends, fat-tailed returns, and volatility clustering. The discussion moves from oil market shocks to deeper questions about feedback loops, participant behavior, and regime shifts in financial markets. The conclusion is striking: trend following does not rely on fragile patterns. It aligns with fundamental structural properties embedded in how markets actually evolve.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Rich on Twitter [https://twitter.com/RichB118].

Episode TimeStamps:

00:00 - Introduction to the Systematic Investor Series

02:08 - Oil market shock and the structural setup behind the spike

06:10 - Why calm markets can hide explosive potential

11:47 - How oil shocks ripple through inflation and the global economy

15:29 - Why trend followers focus on process, not predictions

22:15 - A changing regime that may favor trend following

24:43 - The research behind The Fractals of Finance

25:25 - Market memory and the meaning of the Hurst exponent

31:22 - Why trends are structural rather than random patterns

36:25 - Fat tails and why extreme market moves are far more common than expected

41:12 - Divergent vs convergent market participan

SI391: Why Trend Following Works... the Evidence ft. Richard Brennan

In this episode, Alan Dunne speaks with Aoifinn Devitt about what it really means to build resilient portfolios in a world of shifting regimes and competing narratives. Drawing on experience across pensions, hedge fund advisory, and private wealth, Aoifinn reflects on how institutional lessons translate to individual investors. The conversation explores the role of diversification, the evolving case for private markets, and the limitations of labels such as hedge funds, factors, or alternative assets. Along the way, they discuss the behavioral traps that influence allocators, the challenges of manager selection, and why outcome based investing may offer a clearer framework for navigating uncertain markets.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Alan on Twitter [https://twitter.com/alanjdunne].

Follow Aoifinn on LinkedIn. [http://linkedin.com/in/aoifinndevitt]

Episode TimeStamps:

02:16 - Introducing Aoifinn Devitt and her background

03:14 - From corporate law to a career in finance

05:16 - Institutional vs private wealth portfolio construction

09:47 - How macro regimes influence asset allocation

12:53 - Rethinking the endowment model and private markets

15:32 - Private credit and diversification challenges

18:13 - Total portfolio approach vs traditional allocation

21:27 - Bonds, equities, and changing correlations

27:52 - Concentration risk and the dominance of mega cap stocks

37:33 - The evolving role of hedge f

ALO33: The Psychology Behind Better Asset Allocation ft. Aoifinn Devitt

Markets can shift direction faster than the narratives used to explain them. In this episode, Niels and Alan unpack the sharp reversal in bond markets, the geopolitical tensions shaping energy prices, and the role of options flows in keeping equity indices pinned despite rising uncertainty beneath the surface. The conversation moves through recent hedge fund industry discussions in Miami, renewed interest in portable alpha and the total portfolio approach, and the growing influence of AI on economic thinking and policy debates. Along the way, they revisit the core role of trend following in portfolios, explaining why its value often appears precisely when traditional allocations struggle most.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Alan on Twitter [https://twitter.com/alanjdunne].

Episode TimeStamps:

00:00 – Introduction to the Systematic Investor Series

01:38 – Bond market reversal and shifting macro narratives

03:29 – Options flows and the pinning of equity indices

10:13 – AlphaQuest closure and pressures in short term trading strategies

15:14 – Crisis alpha and how trend differs from a 60/40 portfolio

23:18 – Recent CTA performance and trend opportunities across markets

25:23 – Key takeaways from the Miami hedge fund conference

37:48 – AI, productivity, and the policy dilemma for the Fed

46:40 – Political dynamics behind the potential Fed leadership shift

50:13 – Trend following as the “midfield player” in portfolios

58:08 – Building a portfolio

SI390: When Narratives Change Faster Than Markets ft. Alan Dunne

Cem Karsan sits down with Neil Howe to examine what a true regime shift means for markets and society. Howe argues that we are deep into a Fourth Turning, a generational winter that historically brings institutional fracture, geopolitical strain, and inflation that reshapes debts, assets, and political power. Cem ties that arc to today’s realities: the exhaustion of the 40 year tailwind from falling rates, record valuations meeting refinancing risk, and the uncomfortable truth that 60/40 has failed for long stretches before.

They explore the growing divide between capital and labor, the pivot from globalization to industrial policy, and the rising appeal of commodities, cash, and convex hedges in a world where outcomes are less linear. Howe also details how his Fourth Turning ETF reflects that view, pairing thematic equities with real assets and disciplined tail protection.

This is a conversation about preparing, not predicting, when history starts to rhyme a little louder.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Cem on Twitter [https://twitter.com/jam_croissant].

Episode TimeStamps:

01:28 - Introducing Neil Howe and why this conversation matters now

03:37 - What the Fourth Turning is and how the cycle works

10:26 - “The Fourth Turning Is Here” and the practical question: what do we do?

16:42 - Rates, inequality, and why the last 40 years may not repeat

20:17 - Inflation as a crisis tool, not a forecasting error

26:43 - Options, convexity, and non-linear portfolios in regime change

33:31 - The surge into “non-correlated” assets and what it sign

UGO10: The Fourth Turning Is Here: How to Trade the Regime Shift ft. Neil Howe

In this episode, Alan Dunne and Cem Karsan explore a market that appears calm on the surface yet increasingly unstable underneath. As indices move sideways, they discuss how options flows and structured products are reshaping market behavior, driving rotation rather than direction. From the weakening of former leaders to the rise of defensives, the conversation turns to what these shifts may signal about a broader topping process. They also examine the growing influence of AI narratives, political incentives, and global tensions, not as isolated shocks but as forces building pressure within the system. The result is a discussion about how markets evolve when structure, policy, and sentiment begin to move out of sync.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Alan on Twitter [https://twitter.com/alanjdunne].

Follow Cem on X. [https://x.com/jam_croissant?lang=en]

Episode TimeStamps:

00:00 Intro to the Systematic Investor Series

00:23 Performance check: CTAs strong, trend tailwinds

03:13 Range-bound indices, but big dispersion and rotation

03:45 Why options pin the index: dealer flows and vol compression

05:42 Dispersion mechanics: idiosyncratic risk, falling correlation

07:32 Rotation as a topping process: leaders fade, defensives rise

09:54 OPEX and quarterly expiries: why timing windows matter

11:56 The March support effect, then weaker flows into April

17:02 AI narrative shock: anxiety, backlash, and policy consequences

22:

SI389: The Market Is Pinned, But Risk Is Growing ft. Cem Karsan & Alan Dunne

In today’s episode we talk to Mark Roberts, founder of Off Wall Street, a legendary provider of short selling research to hedge funds. Seven months before Enron became the biggest bankruptcy in US corporate history, Off Wall Street published a report recommending the shares be sold. The success of this call made Mark and Off Wall Street synonymous with original and rigorous research. We talk to Mark about his unusual personal background, how being a hippie in Berkeley in the 1960s prepared him for identifying overvalued companies two decades later. He explains why questionable accounting and high valuations are the “symptoms, not the disease” and compares today’s markets with those of the Dotcom era. His new book, Off Wall Street How To Win At Short Selling By Betting Against The Crowd was just released in February 2026.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Kevin on SubStack [https://kevincoldiron.substack.com/] & read his Book [https://riseofcarry.com/].

Follow Mark on LinkedIn [https://www.linkedin.com/in/mark-roberts-25309916/] and read his book. [https://www.amazon.com/Off-Wall-Street-Selling-Betting/dp/B0FVF14NG2]

Episode TimeStamps:

01:41 - Introducing Mark Roberts, Off Wall Street, Enron, and the book

03:35 - An unconventional path: French literature, skepticism, and early life choices

07:40 - The first “short sale”: selling a failing steel business and learning risk firsthand

11:10 -

IL46: The Business Model Trap: Why Short Ideas Start in the Real World ft. Mark Roberts

Today Alan and Mark step back from the noise to examine a market environment that feels subtly but meaningfully different. From AI euphoria giving way to harder questions, to gold’s steady rise and a surprising divergence between US and emerging market inflation, the conversation centers on rotation, uncertainty, and shifting assumptions about safety. They explore whether Treasuries still anchor portfolios the way they once did, how fiscal pressures could reshape monetary policy, and why regime thinking matters for systematic investors. Beneath it all is a reminder that correlations change, narratives evolve, and adaptability remains the most durable edge in uncertain markets.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Alan on Twitter [https://twitter.com/alanjdunne].

Follow Mark on LinkedIn. [https://www.linkedin.com/in/markrzepczynski/]

Episode TimeStamps:

00:00 – Introduction & market check-in

02:52 – February performance: CTAs, trend following & commodities

04:53 – Peak bubble? AI, metals & speculative excess

07:10 – Gold demand, central banks & safe-haven flows

10:40 – The AI narrative shift & tech repricing

13:22 – Global rotation: US vs Europe & emerging markets

15:22 – EM inflation now lower than US — why it matters

21:48 – Why macro still matters (regime thinking vs stock picking)

31:49 – Fiscal vs monetary dominance explained

41:59 – $700B in Treasury issuance — scale of the debt mac

SI388: Peak Bubble? Why Markets Feel Different in 2026 ft. Mark Rzepczynski & Alan Dunne

The global order is shifting in plain sight. In this Global Macro conversation, Steen Jakobsen, inventor of the Outrages Predictions, joins Niels Kaastrup-Larsen and Alan Dunne to examine the slow grind reshaping productivity, debt, currencies, and political stability. From dollar regime risk to state capitalism, from market concentration to commodity repricing, the discussion moves beyond headlines to structural fault lines. Is gold signaling debasement? Can the U.S. sustain its debt path? Does AI lift productivity or hollow it out? Rather than predict collapse, Jakobsen outlines a drawn-out transition where capital reallocates, volatility hides beneath the surface, and political systems are tested long before markets finally react.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen] and YouTube [https://www.youtube.com/user/toptraderslive].

Follow Alan on LinkedIn. [https://www.linkedin.com/in/alanjdunne/?originalSubdomain=ie]

Follow Steen on LinkedIn. [https://www.linkedin.com/in/steen-jakobsen-228676123/?originalSubdomain=dk]

Episode TimeStamps:

01:38 - Introducing Steen Jakobsen

03:45 - From trading floors to outrageous predictions

06:32 - Dollar hedging and regime shift signals

08:06 - Davos as a macro catalyst

GM97: Why Isn’t Anything Breaking? ft. Steen Jakobsen

Today, we examine a year that looked chaotic but felt familiar to trend followers. Gold surged, equities rotated globally, and non-US markets quietly gained momentum. Yet beneath strong returns lies a deeper debate about model design, short versus long horizon signals, and whether innovation in liquid alternatives serves investors or sales desks. From AI disruption to product engineering and allocator behavior, this episode explores where systematic strategies truly create value and where structural incentives distort outcomes. In a changing macro regime, clarity of purpose may matter more than ever.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Andrew on Twitter [https://twitter.com/andrewdbeer1].

Episode TimeStamps:

00:00 - Introducing the Systematic Investor series

01:17 - AI disruption and systematic investing

06:52 - The shifting perception of US risk

09:21 - Winter Olympics and market metaphors

12:59 - Hedge funds versus private equity

19:23 - 2025 review and the importance of risk allocation

22:17 - Why CTAs did not fully capture gold

29:48 - Short term versus long term trend models

35:27 - Letting risk run versus investor palatability

44:43 - The problem with liquid alternatives

51:21 - Product design versus fiduciary duty

59:06 - QIS, innovation and investor sophistication

01:04:41 - Model risk and the myth of risk premia

01:10:51 - Hopes for a trending year ahead

Copyright © 2025 – CMC AG

SI387: The Cost-Benefit of Being Trendy ft. Andrew Beer & Tom Wrobel

A familiar portfolio map is being redrawn. Ian Harnett traces the regime shift from disinflation and reliable bond hedges to a world where inflation pressures linger, supply chains shorten, and capital becomes a policy tool. The conversation moves from China’s exported deflation to Europe’s structural constraints, then into America’s strategy of attracting investment with tariff leverage. Beneath it all sits a political question: what happens if the governing coalition fractures ahead of the midterms. Harnett argues that is the moment the dollar turns from anchor to risk.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE [https://dunncapital.com/DUNN%2050-Year%20Book-TTU]

-----



Follow Niels on Twitter [https://twitter.com/toptraderslive], LinkedIn [https://www.linkedin.com/in/nielskaastruplarsen], YouTube [https://www.youtube.com/user/toptraderslive] or via the TTU website [https://www.toptradersunplugged.com/].

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 [https://www.toptradersunplugged.com/Ultimate].

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here [https://www.toptradersunplugged.com/10-reasons-shownotes].

Learn more about the Trend Barometer here [https://www.toptradersunplugged.com/resources/market-trends/].

Send your questions to info@toptradersunplugged.com [info@toptradersunplugged.com%22%20%5Ct%20%22_blank]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes [https://www.toptradersunplugged.com/reviewttu] or Spotify [https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW] so more people can discover the podcast.

Follow Alan on LinkedIn. [https://www.linkedin.com/in/alanjdunne/?originalSubdomain=ie]

Follow Ian on LinkedIn. [http://linkedin.com/in/ian-harnett-973693a?originalSubdomain=uk]

Episode TimeStamps:

00:00 - The gray swan: political fracture and the point to sell the dollar

00:37 - Show intro and risk disclaimer

01:33 - Setting the frame: global macro, geopolitics, and regime change

04:34 - The new regime: inflation risk and the stock-bond relationship breaking

06:39 - Structural inflation drivers: deglobalization, trade weaponization, China’s deflation export

09:14 - Capital as a battleground: surcharges, controls, and Europe’s capital markets problem

12:02 - Europe’s catalyst problem: why it may take a crisis to build a true safe asset

14:44 - America’s playbook: inbound capital, tariff bargaining, and “neo-royalism”

18:32 -

GM96: The End of the Hedge: When Bonds Stop Protecting Portfolios

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com

Niels

Shows