You're about to join Jerry Parker, Maritz Siebert, 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.

Welcome and welcome back to this week's edition of the systematic investor series with

Moritz Siebert and I, Neil's Castleblaston, where we each week take the pulse of the global

market through the lens of a rules-based investor. And for long-time listeners, our conversations

are intended to keep you focused and inspired

to continue your trend-following journey. And if you are new to the show, I'll hope you

that today's episode will trigger your curiosity to check out the back catalog of all the past

episodes that you may have missed. Moritz, how are you doing? How are things where you are?

Things are really fine. It's a relatively sunny Saturday. We've had a bit of a thunderstorm passing over this morning, but it's very clear now, very nice. I'm happy and doing fine, so all good. How are you?

Yes, I'm doing well. I can't believe it's only like 15 hours since we did our last recording.

And of course, this is for this super secret project we're working on.

And we have been incredibly busy this week, I have to say.

Every evening we have been out speaking to some of the most interesting people I think you can find in finance at the moment.

But we will come back to that shortly. Let me stay on

topic. This was a bit of a risk of weak, with weakness in equities, but also in energies. And

this is despite kind of this continued talk about the plans authorities have to keep propping

up the economy. We had a close in the S&P, by the way, below the 200-day moving average.

And as we may know, or as you may know, the 50-day moving average is still below the 200-day moving average,

so it never turned, so to speak.

And the Dow Jones closed yesterday at the lowest level for the entire month of June.

And all of this allowed the bonds to lift themselves up towards the high since early March,

...