SI351: The Two Tribes of Trend ft. Richard Brennan

SI351: The Two Tribes of Trend ft. Richard Brennan

As trend followers push through one of the toughest environments in years, Rich and Niels unpack what’s actually driving the pain. They draw a sharp line between two camps in the industry - those who focus on standalone market behavior and those who manage trend as a portfolio-level phenomenon, and explain why that distinction now matters more than ever. From the ripple effects of tariff policy to the quiet fragility in institutional positioning, this episode traces how structural shifts are colliding with legacy assumptions. Also on the table: AI’s growing role in model development, the hidden costs of bad data, and what it really takes to build a resilient, scalable process in a world where noise is cheap and conviction is rare.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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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 Portfoliohere.

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 Rich on Twitter.

Episode TimeStamps:

00:13 - Introduction to Systematic Investing

03:55 - The Shift Towards AI in Trading

11:25 - The Rise of Idiosyncratic Trend Following Post-2020

21:42 - The Impact of Recent Market Dynamics

25:39 - The Rise of Retail Trading in Futures

34:09 - The Panama Method of Historical Adjustments

42:32 - Understanding Backtesting and Data Integrity in Trading Models

47:36 - Navigating Capital Constraints in Trend Following

55:14 - Understanding AI in Trading Strategies

01:00:14 - The Challenges of AI in Trading and Strategy Development

01:04:44 - The Impact of AI on Humanity

Copyright © 2025 – CMC AG – All Rights...

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IL39: Is Trump Making Europe Great Again? ft. Koen De Leus & Philippe Gijsels

IL39: Is Trump Making Europe Great Again? ft. Koen De Leus & Philippe Gijsels

We're diving deep into some serious discussions about the shifting dynamics in Europe, particularly how the political landscape, especially with Trump's influence, is shaking things up. Economists Koe...

28 Touko 202555min

SI349: Navigating the Age of Uncertainty with Trend Following ft. Mark Rzepczynski

SI349: Navigating the Age of Uncertainty with Trend Following ft. Mark Rzepczynski

In this episode, Niels and Mark Rzepczynski examine a market where the usual relationships have broken down. Bonds offer no shelter, volatility moves without conviction, and political intervention kee...

24 Touko 20251h 6min

GM82: The Surprising Success of the U.S. Economy ft. Elroy Dimson & Kiran Ganesh

GM82: The Surprising Success of the U.S. Economy ft. Elroy Dimson & Kiran Ganesh

America's recent economic performance has been a surprise, as it's managed to outperform many other markets over the last quarter century. We review the insights from the Global Investment Returns Yea...

21 Touko 20251h 3min

SI348: The Quiet Cost of Overfitting ft. Andrew Beer

SI348: The Quiet Cost of Overfitting ft. Andrew Beer

Andrew Beer returns to confront a moment of reckoning for trend following. As managed futures suffer one of their worst periods in decades, he and Niels explore a deeper question: has the strategy evo...

17 Touko 20251h 15min

UGO02: Inequality, Inflation, and the End of Consensus ft. Jim Bianco

UGO02: Inequality, Inflation, and the End of Consensus ft. Jim Bianco

What if the volatility we’re seeing is not a pause in the cycle, but the start of something lasting? In this episode, Cem Karsan sits down with Jim Bianco to unpack the forces reshaping the market and...

13 Touko 20251h 3min

SI347: Stagflation, Storytelling, and the Search for a New Hero ft. Cem Karsan

SI347: Stagflation, Storytelling, and the Search for a New Hero ft. Cem Karsan

Today Cem and Niels dissect a world quietly shifting beneath our feet.As markets hum along, Cem explains why the real story lies beneath the surface: a structural liquidity drain, a creeping stagflati...

10 Touko 20251h 7min

GM81: What If Everything You Believe About Markets Is Wrong? ft. Demetri Kofinas

GM81: What If Everything You Believe About Markets Is Wrong? ft. Demetri Kofinas

What if the biggest risk in markets today isn’t volatility, inflation, or geopolitics - but the stories we believe to be true? In this unfiltered and thought-provoking episode, Demetri Kofinas joins C...

7 Touko 20251h 3min

SI346: Is the Trend Still Your Friend ft. Rob Carver

SI346: Is the Trend Still Your Friend ft. Rob Carver

This episode is all about understanding the nuances of trend-following and how current market dynamics are shaking things up. Together with Rob Carver, we discuss the turbulence that hit financial mar...

3 Touko 20251h 9min

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