SI100: How to filter your trades and staying unemotional ft. Jerry Parker

Yoav Git and Alan Dunne sits down for a conversation that challenges familiar assumptions about curve trading, market structure, and the role of CTAs. They explore why dislocations across time horizons create pockets of alpha most models miss, and how breakout behavior in commodity spreads signals more than noise. Drawing on a recent Bank of England study, Yoav explains how different participants leave distinct footprints on the FX curve, and why CTAs, far from being passive allocators, can act as dynamic responders to changing regimes. This is systematic trading, without the shorthand.-----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.comAnd 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 Yoav on LinkedIn.Episode TimeStamps:01:32 - What has caught our attention recently?07:10 - Industry performance update09:20 - Dont just trend it, curve it16:33 - The drivers of spread23:26 - Breaking markets into factors26:37 - Mastering speed in spread trades31:39 - Is there too much money in trend?36:47 - Key insights into FX trading44:23 - How dealers and market makers approach risk differently47:28 - The thought provoking fact about the top 5% dealers and market makers50:23 - The real process of an allocator56:39 - Using trend as part of a long term strategy01:01:35 - You should just go play...

23 Aug 1h 7min

Louis-Vincent Gave returns with a blunt assessment of a global order fraying at key seams. Construction is stalling. Trade policy is adrift. Capital is retreating from the U.S. And yet, markets hum along... propped up by AI euphoria and the illusion of fiscal permanence. In this conversation with Alan Dunne, Louis questions whether investors grasp the shifting ground beneath their feet: from rising tariff walls to energy fragility, from the quiet restructuring of China’s financial system to the early signals of capital rotation into emerging markets. If this is a transition phase, most portfolios aren’t built for what comes next.-----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.comAnd 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 Louis on Twitter.Episode TimeStamps: 02:20 - (Re)Introduction to Louis Gave03:45 - Gave's analysis of the current economic data09:45 - What causes the weakening of the economy?11:54 - The outlook for tariffs - will they eventually become stable?16:16 - The future for inflation - will it become more persistent over time?20:43 - The risk factors of energy markets25:51 - Will we see a Fed cut in September?26:58 - Powell - in or out?31:13 - We are seeing a paradigm shift in the US Dollar38:26 - The outcome of the AI revolution43:03 - Deficits are like tequila shots46:55 -...

20 Aug 59min

Richard Brennan joins Niels for a conversation that redefines how trend following is understood. Behind the shared language lie four distinct archetypes - each built around a different purpose. Richard walks through them with clarity, then unpacks the trade-offs: static sizing vs. vol targeting, symmetry vs. asymmetry, speed vs. patience. A real-world portfolio test drives the point home... some strategies don’t just prefer diversification, they depend on it. This episode is about design, but more than that, it’s about alignment. Because in a field crowded with performance metrics, the most important question often goes unasked: what exactly is this built to do?-----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.comAnd 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:01:58 - ChatGPT5 is on fire06:04 - The AI revolution could be the end of humanity14:23 - Industry performance update19:19 - An overview of what topics this episode will cover21:23 - The decisions that really matter in trend following27:10 - The 4 archetypes of trend following34:05 - Its not about facts, its about objectives40:09 - 1st debate: Diversification vs. concentration48:52 - 2nd debate: Absolute momentum vs. cross-sectional momentum50:21 - 3rd debate: Volatility targeting vs static small bits54:02 - What trend followers sometimes get wrong about volatility and position sizing57:48 - 4th debate: Symmetry vs asymmetry01:02:00 -...

15 Aug 1h 26min

From the first futures in 1848 to today’s zero-day options, Cem Karsan, Mandy Xu, and Ed Tom chart how derivatives have moved from the market’s periphery to its center of gravity. At the core is Cboe’s new VIX decomposition tool, which disentangles moves driven by downside hedging, upside speculation, and shifts in the volatility surface. Through episodes like the yuan shock, Volmageddon, and 2024’s “Liberation Day,” they show how positioning can amplify or mute risk, and why vol sometimes rises into rallies. This is a guided tour of volatility’s inner workings, and how reading its structure can reveal the market’s next move before price does.-----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.comAnd 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 Cem on Twitter.Episode TimeStamps: 59:42 - Introduction to the series02:21 - Where did options come from and where are we going?10:20 - The purpose and mechanisms of the VIX decomposition tool18:55 - The history of the VIX index23:20 - The beginning of a volmageddon26:24 - A comparison between 2 recent volatility events (August 2024 and April 2025)35:03 - Key indicators for understanding risk in markets42:23 - The current state of 0DTE options50:29 - The optimal way of using VIX and hedge optionsCopyright © 2025 – CMC AG – All Rights Reserved----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...

12 Aug 55min

When official data starts serving politics, markets lose their anchor. Alan Dunne and Niels examine the quiet shift unfolding as the U.S. edges closer to emerging market behavior - firing statisticians, sidelining inconvenient numbers, and pressuring the Fed ahead of a consequential leadership reshuffle. With labor supply falling, growth stalling, and tariffs acting as stealth taxes, the Fed’s playbook no longer fits the moment. Behind the scenes, hedge fund power brokers position themselves to shape what comes next. Plus, an unvarnished look at trend following’s drawdown, the lazy critiques making the rounds, and why so many allocators still miss the point.-----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.comAnd 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.Episode TimeStamps:01:32 - What has caught our attention recently?08:53 - Dunne's global macro overview13:31 - Is our understanding of growth and GDP outdated?17:52 - The Fed is under threat from multiple angles21:38 - Dunne's impression of Kevin Warsh as a candidate for Fed chairman26:43 - An odd juxtaposition with hedge fund titans' influences on the Fed32:35 - Industry performance update37:30 - Our takeaways from The Wall Street Journal's article on Trend Following43:35 - Why should investors even consider managed futures in the first place?45:40 - Has Dunne ever been on the verge of cutting trend?52:08 - Do long term investors really need diversifiers?Copyright © 2025 – CMC AG – All...

9 Aug 1h 5min

What if our most trusted economic statistic is pointing us in the wrong direction? Diane Coyle joins Kevin Coldiron to explore why GDP - long treated as a proxy for progress - now obscures more than it reveals. As economies shift toward services, intangibles, and unpaid digital labor, much of today’s value creation falls outside the frame. Drawing on her new book, The Measure of Progress, Coyle makes the case for a new way of seeing - one that captures time, trust, and the real foundations of growth. The question isn’t how fast we’re moving. It’s whether we’re measuring the right road.-----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.comAnd 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 Kevin on SubStack & read his Book.Follow Diane on X and read her book.Episode TimeStamps: 02:19 - Introduction to Diane Coyle03:55 - How did the current systems of national accounts came to be?06:55 - Why the national statistics doesn't add up11:22 - The underlying problems of GDP18:42 - How software pose a problem for measuring GDP and economic activity23:25 - The challenges of cloud computing26:39 - What is disintermediation and why is it a problem for economic...

6 Aug 56min

Mark Rzepczynski joins Niels Kaastrup-Larsen for a conversation shaped by tension between surface calm and deeper dislocation. From copper’s sudden collapse to signs of stress in liquidity and leverage, they explore how market behavior is increasingly defined by fragility, not fundamentals. With Fed policy boxed in, equity optimism rising, and stablecoins quietly redrawing the contours of the monetary system, the challenge for investors isn’t prediction - it’s positioning. They also confront the limits of complexity in models and why, in uncertain regimes, the discipline of doing less may offer the most resilience. This is trend following in context.-----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.comAnd 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 Mark on Twitter.Episode TimeStamps:01:15 - What has caught our attention recently?09:08 - The tough situation of Fed independence10:43 - Industry performance update14:27 - Mark's analysis of the current trend following performance21:01 - Are we picking up long term inflation trends?23:04 - 2025 has given us something rare26:05 - The core problem that trend followers face today36:42 - The evolution of stablecoins43:52 - The definition of financial bubbles is becoming diluted53:11 - Risk - a feeling or a factor?58:42 - The seductiveness of complexity01:01:10 - Key observations from our conversation01:07:17 - What is up for next week?Copyright © 2025 – CMC AG – All

2 Aug 1h 8min

Steven Bell has seen the macro machine from every angle - Treasury insider, hedge fund manager, and chief economist. In this wide-ranging conversation with Alan Dunne, he traces the quiet erosion of economic orthodoxy and why AI, not tariffs, may prove the more destabilizing force. Bell explains how Fed independence is fraying, why wage dynamics matter more than headline inflation, and what investors miss when they over-index on models. With stories from trading floors and policy rooms alike, this episode captures a rare perspective: someone who’s watched markets evolve, not just from charts, but from inside the decisions that moved them.-----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.comAnd 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 Steven on LinkedIn.Episode TimeStamps: 02:20 - Introduction to Steven Bell05:37 - Has the challenge of forecasting economics changed?10:27 - Was it easier to be a money manager back in the days?13:11 - Is emotion and hysteria taking over markets?16:48 - Tariffs disappearing? Forget it21:41 - The economic impact of the recent CPI data24:38 - How tariffs will impact workers and productivity28:54 - Bell's outlook for inflation32:15 - Do deficits even matter?36:51 - How messy will the Fed's handling of inflation be?44:16 - Who is a likely replacement for Powell?45:11 -

30 Juli 1h 7min