SI235: Trend Following's Reaction to SVB Collapse ft. Mark Rzepczynski
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 19 March 2023
⏱️ 76 minutes
🧾️ Download transcript
Summary
Today, Mark Rzepczynsky is back with us, following a tense week with the collapse of Silicon Valley Bank and a few other bank emergencies. We discuss how we are in a period that Mark calls “the great bond reprising” and what this means for the economy, why the collapse of SVB was somehow "expected", if only regulators had been looking at the right data and how you build models that are well prepared for unexpected events. We also discuss why the core concept of CTA replication in itself may be problematic and why the collapse of SVB might indicate that some people possess too much power, how the wealth of information creates a poverty of attention, how change and uncertainty in the world affects investors and the economy and much more.
-----
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.com
And 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 Mark on Twitter.
Episode TimeStamps:
02:00 - What really happened this week?
19:19 - Industry performance update
25:21 - A tough week for trend
36:13 - Looking through the rear view mirror
46:25 - SVB and trend following
52:47 - The dynamics of the financial world
59:20 - A changing world
01:09:27 - Reflecting on the CTA series
01:13:33 - Thanks for listening
Copyright © 2025 – 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 Here
2. 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 Here
3. Other Resources that can help you
And 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 Here
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're about to join Neil's Kostrup Larson on a raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy. |
| 0:13.0 | Welcome to the Systematic Investor Series. |
| 0:28.3 | Welcome and welcome back to this week's edition of the Systematic Investor Series with Mark Recibsinski and I, |
| 0:33.8 | Neil's Castlelarsen, where each week we take the pulse of the global market through the lens of a rules-based investor. |
| 0:38.3 | 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, |
| 0:43.2 | using the often overlooked but very robust strategy of trend following. Now, we hope that today's |
| 0:49.2 | episode will trigger your curiosity to learn more by diving into the back catalog and listen |
| 0:54.0 | to all of the past |
| 0:54.9 | episodes that you may have missed, like last week's episode with Rob, where we discussed |
| 1:00.0 | lots of different topics like market and parameter selection, and also what happens if |
| 1:05.6 | a brokerage firms fail and much more. But also, I would encourage you to listen to the midweek episode that we |
| 1:11.8 | published on Wednesday, where this week we caught up again with Rory Johnston of commodity |
| 1:17.0 | context to discuss the SPR, so the Strategic Petroleum Reserve, that has been actively deployed |
| 1:22.7 | by the Biden administration over the past year or so, And with crude oil hitting this week, |
| 1:28.5 | the price level that has been mentioned |
| 1:30.4 | as a level where it would start to refill the SPR, |
| 1:34.3 | this was quite a timely conversation. |
| 1:36.7 | So if you missed any of these conversations, |
| 1:39.0 | I would really encourage you to go and listen to them |
| 1:41.6 | as soon as you're finishing, |
| 1:43.0 | listening to Mark and I. |
| 1:44.9 | And, of course, if you have more time on your hands, you should definitely check out the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Niels Kaastrup-Larsen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Niels Kaastrup-Larsen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.