SI250: Tour de Volatility ft. Cem Karsan
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 1 July 2023
⏱️ 60 minutes
🧾️ Download transcript
Summary
Cem Karsan joins me for a tour of the current volatility and macro environment, where we take a deep dive into where markets and economy are heading. We discuss the potential of the economy going into stagflation and why many investors might not be prepared for what is to come, the unpredictable volatility environment and how technology like AI is affecting markets. We also discuss the potential dangers of zero day options and how to position yourself appropriately for the markets, how to prepare for the upcoming summer holidays 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 Cem on Twitter.
Episode TimeStamps:
00:45 - The global macro perspective
03:07 - Industry performance update
04:48 - Reviewing the first half of the year
09:14 - A deep dive into markets
24:37 - Preparing for a major blowup
39:24 - Zero day options - a loaded gun?
45:36 - Best Ever 1st half for NASDAQ
48:27 - Preparing for summer holidays
53:35 - Are CTAs and trend followers are pushing the markets higher?
56:43 - Advice when heading into holidays
58:33 - 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 |
| 0:07.2 | and learn about the most dependable and consistent yet often overlooked investment strategy. |
| 0:13.2 | Welcome to the Systematic Investor Series. |
| 0:26.6 | Welcome all welcome back to this week's edition of the Systematic Investor Series with Jim Kazang and I, Neil's Castro-Larsen, where each week we take the pulse of the global market |
| 0:30.9 | through the lens of a roles-based investor. Jim, great to be back with you this week. It's been |
| 0:36.3 | a busy few weeks since we last spoke. How are you doing? Doing well. Thanks. great to be back with you this week. It's been a busy few weeks since we last spoke. |
| 0:38.3 | How are you doing? Doing well. Great. It thinks. Good to be back as always. Yeah, absolutely. |
| 0:45.2 | Now, we have got, I would say, a pretty awesome lineup of topics, even if I have to say so myself, |
| 0:51.7 | which I can say because you brought up most of the topics. |
| 0:56.9 | And we'll be tackling them later. |
| 1:02.3 | But before we do that, I'm always curious, kind of from a really big picture point of view, |
| 1:05.1 | just some of the things that's been on your radar. |
| 1:08.0 | Yeah, a lot of interesting times, right? |
| 1:27.9 | I think we started talking about six months ago or so about the likely way this ends being a blow off top. So that's something that, you know, we've been waiting for some upside momentum to squeeze shorts and change sentiment. So I think that's a big thing that we're watching and thinking about. |
| 1:33.6 | You know, the NASDAQ strength versus the Russell, which we've seen, has been remarkable. |
| 1:36.8 | It makes sense to what we're seeing. |
| 1:39.9 | But I think that's an interesting thing that we should dive into. |
| 1:44.8 | And related to that, tied in, is just broad dispersion, right? |
| 1:47.5 | Dispersion is having record performance. |
| 1:49.8 | There's structural reasons for that. |
| 1:53.2 | So I think diving into the why and how that works is super interesting. |
| 1:57.0 | And then just from a macroeconomic perspective, you know, |
... |
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.