Top Traders Unplugged4 Okt 2025

SI368: Valuation Has Left the Room ft. Cem Karsan & Alan Dunne

Cem Karsan joins Alan Dunne to chart a market running on more than just momentum. Beneath the surface: a structural liquidity engine, political incentives aligned with asset reflation, and a surge in non-correlated flows reshaping risk itself. As institutions scramble to catch up and volatility begins to rise with price, Cem draws on lessons from the late 90s to explain why the real story is not about valuation - but positioning. From AI’s misunderstood impact to the growing role of options, gold, and crypto, this is a portrait of a regime defined not by fundamentals, but by reflex and constraint.

-----

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 Cem on Twitter.

Follow Alan on X

Episode TimeStamps:

00:23 - What has been on our radar recently?

02:00 - Industry performance update

03:07 - Are current valuations a sign of a bubble?

12:13 - The importance of reflexivity

18:59 - The move towards non correlation is upon us

22:55 - What is driving up asset prices?

26:34 - When will the supply/demand imbalance normalize?

31:56 - Reaching an uncontrollable situation

35:47 - What are markets showing us about options?

39:38 - Precious metals is the place to be

42:26 - Is AI actually the game changer that we all expect it to be?

52:07 - Will better technology = better performance?

56:03 - A timeline for possible risk dates

----

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

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(931)

IL06: The History of Interest & the Next Devastating Crisis ft. Edward Chancellor

Edward Chancellor, Author, Journalist and unrivaled Financial Historian, joins us today to discuss the history of Interest, based on his new book, “The Price of Time: The Real Story of Interest". We a...

10 Aug 20221h 16min

SI204: Trend Following & A Cocktail of Macro Factors ft. Alan Dunne

Today, Alan Dunne joins us to discuss the ongoing instability in the markets and rising inflation, and why we, as investors, should keep an open mind for what is to come. We address the pros and cons ...

6 Aug 20221h 8min

AL09: FED Funds may hit 8% ft. Bilal Hafeez

Bilal Hafeez, Founder, CEO and Head of Research at Macro Hive, joins us today to discuss the current state of the markets and how we are possibly heading into a new regime and why FED Funds may hit 8%...

2 Aug 20221h 9min

SI203: A new way of doing Trend Following ft. Jerry Parker

Today, we are joined by Jerry Parker where we dive into some of the highlights from the challenging month of July and how the industry has handled the current high level of volatility and trend revers...

30 Juli 20221h 23min

IL05: The Road to Economic Stability ft. Andrew Smithers

Today, we are joined by Andrew Smithers, Author, Economist and Founder of Smithers & Co, to discuss how we can achieve economic stability, based on his book, “The Economics of the Stock Market”. We ad...

27 Juli 20221h 6min

SI202: Trend Following in a Binary World ft. Mark Rzepczynski

Mark Rzepczynsky joins us today for a weekly talk on Trend Following, where we discuss how we are beginning to see stagflation and recession around the world, how to manage systemic risk as a trend fo...

24 Juli 20221h 6min

IL04: Inflation & The Great Demographic Reversal ft. Manoj Pradhan

Manoj Pradhan, Author and Founder of Talking Heads Macroeconomics, joins us in today’s episode to discuss the structural forces that will drive markets in the future, based on his book, “The Great Dem...

19 Juli 202259min

SI201: Trend Followers Positioned for Recession ft. Richard Brennan

Today, Richard Brennan tackle lots of great questions from listeners as to why Trend Following works, why trends occur in markets and why it is best to exploit them using a systematic approach, the id...

16 Juli 20221h 23min