4.8 • 670 Ratings
🗓️ 27 November 2022
⏱️ 69 minutes
🧾️ Download transcript
Today, Mark Rzepczynsky joins us for a weekly update on Trend Following, following the release of the minutes from the FED’s Open Market Committee in a week of thin liquidity. We discuss whether trend followers can make money going forward after a great year and if it is "too late" to allocate to trend following, the historical perspective of trend following and what we can expect going forward based on the latest analysis from AQR, and how the fast flow of information impacts trend following. We also discuss the importance of knowing when to quit and embezzlement in the crypto space, why trust is a key factor of trend following and why you should find out where liquidity is coming from. We finish discussing why it is important to be aware of how markets move through cycles, what it means if we are heading into a more deglobalized world and much more.
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Episode TimeStamps:
00:00 - Intro
02:21 - What happened this week?
06:24 - Industry performance update
09:19 - Is it too late for trend following?
24:47 - The impact of fast information
30:59 - The human element of policy
38:36 - Quit vs. Grit
42:16 - Diving into the crypto world
50:50 - Mind your liquidity
56:17 - Periods, ages and regimes
59:40 - The end of Globalization & what this means?
01:03:12 - Being a data detective
01:06:01 - Final...
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0:00.0 | You're about to join Neil's Kostrup Larson on a raw and honest journey into the world of systematic |
0:06.6 | investing and learn about the most dependable and consistent yet often overlooked investment strategy. |
0:13.2 | Welcome to the Systematic Investor Series. |
0:26.2 | Welcome or welcome back to this week's edition of the Systematic Investor series with Mark Rensinski and I in Neelskastel Larsen, where each week we take the polls of the global |
0:30.7 | markets through the lens of a rules-based investor. |
0:33.6 | Now, for those of you who are regular listeners, this podcast series is all about voicing our differences on the one topic that brings us together, namely systematic investing using the often overlooked but very robust strategy of trend following. |
0:46.7 | We hope that today's episode will trigger your curiosity to learn more by diving into the back catalog and listen to the past episode that you may have |
0:54.9 | missed like last week's episode with Gem where we among many other things discussed how the |
1:00.7 | ultra-low skew has created a dangerous situation for the economy and when the situation |
1:05.9 | might turn back to normal. So you don't want to miss that episode. But also, I would encourage you to listen to the Wednesday episode, |
1:13.5 | where we this week, we spoke with Marco Pappick, |
1:16.5 | partner and chief strategist at Clock Tower Group. |
1:19.4 | And it was a conversation on geopolitical analysis |
1:22.6 | and how it can be used to predict the future |
1:25.1 | based on his recent book, Geopolitical Alpha, |
1:28.6 | an investment framework for predicting the future. |
1:31.6 | And as we all know and have learned this year, geopolitics are once again dominating the world |
1:38.3 | markets. |
1:38.8 | So if you missed any of these conversations, I would really encourage you to go back and listen |
1:43.4 | to these episodes as soon as you've finished listening to Mark and I today. |
1:47.5 | Mark, it's great to be back with you on this U.S. holiday week where a combination of fed minutes |
1:53.9 | and thin liquidity did provide a little bit of excitement. How are you doing? How have you been |
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