Top Traders Unplugged13 Mar 2024

GM58: Electric Dreams and Commodity Market Realities ft. Tor Svelland

Tor Svelland, of Svelland Capital, joins Alan Dunne in this episode to discuss the global macro forces driving global commodity markets. They discuss how the commodity markets have evolved over the years, as banks have scaled back trading and quant firms and CTAs have become more prominent players. Tor outlines the key reasons he believes commodity markets are in the midst of a super cycle, identifies where he sees the strongest opportunities and discusses what the commodity markets are currently suggesting about the state of global demand. They discuss how the global energy transition, de-globalization and nearshoring, rising geopolitical risk and increased defence spending will impact markets. They also delve into the periodic mis-pricings Tor sees between equities, particularly technology stocks, and commodities given their rising electricity demand.

-----

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 Alan on Twitter.

Follow Tor on LinkedIn.

Episode TimeStamps:

02:26 - Introduction to Tor Svelland

06:18 - How have commodity markets evolved?

09:19 - More opportunities in commodity markets?

11:32 - Why Tor started his own firm

14:15 - Tor's outlook for the commodity markets

17:10 - What has driven the flat trend in the major industrial markets?

20:09 - Are we in a super cycle?

22:55 - Translating trends into trades

24:47 - Which markets will benefit from the energy transition?

26:55 - A slow transition

31:14 - The temperature of the global economy

35:21 - Where will we see signs of recession?

39:13 - Is disinflation a major trend?

41:14 - How extreme can it get?

42:42 - How will Europe meet its energy demands going forward??

45:13 - How the defense spending will impact markets

47:07 - Taking advantage of the spikes in markets

51:06 - How volatility sellers affect markets

52:56 - Additional observations in the commodity markets

55:18 - Putting it all together

56:52 - Why has gold miners been so slow?

58:27 - Private capital taking over?

59:20 - Advice for other investors

01:00:30 - Thanks for listening

----

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

Disclaimer

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(943)

SI406: Why Uncertainty Is a Trend Follower’s Best Friend ft. Mark Rzepczynski

Markets rarely move in straight lines, but periods of uncertainty often create the biggest opportunities for systematic investors. Niels Kaastrup-Larsen and Mark Rzepczynski examine why geopolitical s...

27 Jun 1h 8min

IL50: Why Central Banks Are Losing Control of Inflation ft. Manoj Pradhan

Manoj Pradhan returns to Top Traders Unplugged to explain why the forces that kept inflation and interest rates low for decades are now reversing. Drawing on themes from The Great Demographic Reversal...

24 Jun 1h 1min

SI405: Why Most Trend Following Improvements Should Fail ft. Rob Carver

Trend following investors are constantly searching for ways to improve performance, but not every improvement survives contact with reality. Rob Carver joins Niels Kaastrup-Larsen to explore whether i...

20 Jun 1h 12min

GM102: China Built a Trap. Germany Set It. America Fell In. Europe Is Next ft. Michael Pettis

Michael Pettis joins Alan Dunne for a wide ranging conversation on trade imbalances, globalization and the future of the world economy. Drawing on decades of research into China, Europe and financial ...

17 Jun 1h 23min

SI404: When Trend Following Meets Equities ft. Eric Crittenden & Andrew Beer

Trend following has long promised and delivered diversification, crisis protection and uncorrelated returns. Yet many investors still struggle to hold it through difficult periods. In this conversatio...

13 Jun 1h 7min

UGO12: Why the Next Financial Crisis Could Change America Forever ft. Danielle DiMartino Booth

As Kevin Warsh prepares to take the reins at the Federal Reserve, a deeper question emerges: has the Fed reached the limits of what monetary policy can achieve? Cem Karsan sits down with Danielle DiMa...

10 Jun 53min

SI403: Trend Following in an Era of Geopolitical Risk ft. Marat Molyboga & Katy Kaminski

Geopolitical tensions, inflation shocks, and shifting market regimes are reshaping the investment landscape. Marat Molyboga and Katy Kaminski joins us to explore why managed futures have historically ...

6 Jun 1h 24min

ALO35: Why Macro Investing Is Becoming More Systematic ft. George Patterson

How do quantitative investors adapt when markets, technology and macro regimes are constantly changing? In this conversation, Alan Dunne sits down with George Patterson, CIO of PGIM Quant Solutions, t...

3 Jun 1h 1min