SI424: Can Your Portfolio Survive the AI Hangover? ft. Alan Dunne

How resilient is your portfolio if stocks and bonds fall together? Alan Dunne joins Niels Kaastrup-Larsen to examine what stock–bond correlations can conceal and why owning more assets may leave investors exposed to the same risks. They explore how an AI boom could unravel, what that might mean for debt and monetary policy, and how trend following can help portfolios adapt without forecasting the next crisis. The conversation also tackles the patience diversification demands when equities race ahead, and whether greater resilience can improve long-term compounding.

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Episode TimeStamps:

00:00 - Introduction and what’s on Alan’s radar

15:17 - Trend following performance and manager dispersion

20:27 - The Fed’s new approach and what it means for markets

26:50 - What happens if the AI boom eventually unwinds?

35:26 - Why stock-bond correlation is more complicated than it looks

43:42 - Can trend following help diversify the bond side of 60/40?

46:23 - The economic scenarios that could hurt stocks and bonds together

49:57 - How to diversify without trying to predict the next regime

54:27 - What does portfolio resilience actually mean?

01:00:44 - Can a more resilient portfolio also deliver better returns?

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