SI308: Major Market Moves - What Now, Trend Followers? ft. Nick Baltas
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 715 Ratings
🗓️ 10 August 2024
⏱️ 65 minutes
🧾️ Download transcript
Summary
Following an eventful week with major market rotations, I'm joined by Nick Baltas to discuss the impact of this weeks turbulence on trend followers. We discuss how trend following strategies had already started to adapt to the market rotations in July and what the consequence of leaving the short fixed income trade behind meant for overall performance in August. We also discuss how the market rotations has changed investors’ perception of trend following speed and why there is no “one size fits all” when investing. Lastly, we discuss how risk management has evolved, how it impacts the trend following industry and if we can draw any parallels to previous market "events".
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Episode TimeStamps:
01:45 - What has been on our radar recently?
03:49 - Industry performance update
05:37 - An eventful week
11:22 - Putting the market rotations into context
18:58 - How have trend following strategies started to change recently?
26:40 - How trend following performs according to data
29:03 - How Baltas view the difference between dynamic and static position sizing?
34:07 - Has the perception of speed shifted after this week?
45:07 - How does this period compare to previous periods with market shocks?
50:17 - Zero day options - part of the problem?
54:58 - The evolution of risk management
01:02:10 - A recap of this week's headlines
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Transcript
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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 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. |
| 0:33.5 | Welcome, welcome, welcome back to this week's edition of the systematic investor series with Nick Bolters and I, Neil's Castor Larsen, where each week we take the pulse of the global market through the lens of a rules-based investor. |
| 0:43.7 | Nick, great to be with you this week. It's been a little hectic this week, and I think actually our audience will notice that very quickly because we don't have a really strict agenda. |
| 0:47.4 | Both of us have been pretty busy, and therefore we're going to be freestyling, |
| 0:51.7 | but we're also going to try and bring a lot of the things we talk about as quote unquote theoretical topics into real-time commentary from a week of interesting market action. |
| 1:08.7 | But before we get to that, how you doing hello niels i am doing |
| 1:13.3 | very well look i was anticipating the this week of august just before i take some some weeks of |
| 1:18.8 | holidays to be much more relaxed than we know what the market was um i was anticipating to deliver |
| 1:24.1 | to us and you know i guess to your point we don't have an agenda but we have like no so many things in this agenda that the market has delivered to us so I'm doing well I am doing well |
| 1:31.7 | enjoying part of the Olympics as much as I can see these days but you know but beyond that |
| 1:36.6 | markets are keeping us really really really really busy it's been a very hectic week it's |
| 1:43.0 | Friday today so it's pretty busy. |
| 1:45.5 | Absolutely, absolutely. |
| 1:47.0 | Now, before we get into all the technical stuff, as you know, |
| 1:49.7 | I always love to hear what's been on your radar. |
| 1:52.0 | Although I might have a guess about what's been on your radar, |
| 1:54.8 | but besides that part, maybe there's some other non-market stuff that you've been focusing, like the Olympics. |
| 2:03.8 | Have you had a chance to watch it? |
| 2:05.7 | Yes, so I'm a big fan of sports, and Olympics is something I kind of love watching over the years. |
| 2:11.5 | I mean, I still remember 20 years ago when they took place in Greece, and I was kind of spending |
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