UGO03: This Isn’t 2008. That’s the Problem ft. Benn Eifert

UGO03: This Isn’t 2008. That’s the Problem ft. Benn Eifert

Back on the Cboe floor, Cem Karsan sits down with Benn Eifert to trace the fault lines shaping today’s volatility regime. They dig into why market structure, not just macro, is driving outcomes... from the reflexive cycles of implied vol to the growing influence of structured product flows and zero-day options. With correlations breaking down and dispersion rising, Benn makes the case that path matters more than magnitude. It’s a conversation about what happens when liquidity fragments, when the Fed can’t step in, and when legacy playbooks stop working. Quietly technical, deeply contextual, this one rewards a careful listen.

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

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Episode TimeStamps:

00:11 - Introduction... setting the stage

03:01 - Understanding Options and Market Dynamics

09:47 - Market Dynamics and the Role of Administration

11:41 - Market Volatility and Structural Changes in Trading

19:00 - The Impact of Structural Changes on Market Volume

26:13 - Understanding Market Dynamics and Asset Allocation

30:23 - The Impact of Interest Rates on Investment Strategies

34:21 - Understanding Zero DTE Options and Their Market Impact

39:50 - Economic Outlook: Tariffs and Interest Rates

Copyright © 2025 – CMC AG – All Rights Reserved

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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

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