You're about to join Jerry Parker, Maritz Sebert, and Nealz Kostrup Larson on their

raw and honest journey into the world of systematic investing and learn about the most dependable

and consistent yet often overlooked investment strategy. Welcome to the Systematic Investor

podcast series.

Jerry Parker, Moritz Siebert and I, Niels Kastrolasner, back with this week's edition

of the Systematic Investor series where we share our experiences, the opposite and the downs

of what it's like to be a rules-based investor.

And of course, where we also take your questions towards the end good morning jerry good

afternoon moritz how are you guys doing hello welcome back jerry i'm doing fine how are you guys doing

great glad to be back got my coffee in hand and ready for a good show all set to go yeah end of a

month and what a month it's been with lots of risk on appetite,

flowing back in the markets despite a lot of kind of depressing economic statistics,

which has led to some level of continuation of some of the market reversals.

We saw back in late March

from the stock markets in particular and of course in April the turnaround in the energy markets

and we've also seen other commodities kind of make reversals in the last few weeks but of course

with the balance sheet of the Fed now above 7 trillion for the first time,

you probably don't need to look too much further for a reason as to this sudden optimism in the markets.

We also saw some sectors of the bond market displaying extreme optimism, I would say,

such as short-term uni yields, now they're down towards zero.

So that's another sector in the junkiest of junk bonds. And, you know, these are bonds of companies

with the worst credit structures who have a high likelihood of bankruptcy. But, you know, I think the markets are just saying, no worse.

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