Top Traders Unplugged12 Nov 2023

SI269: Is the Big Bond Short Over? ft. Katy Kaminski

Today’s conversation with Katy Kaminiski is all about change. We discuss what has been the driver of the changing economic environment that we experience and how changing interest rates affect trend followers, why Katy believes we need a repricing in long term yields and how the yield curve is a key factor in trend followers profitability. Katy also explains her outlook for the markets, how you build portfolios in the current economic environment and much more.

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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:

02:22 - What has been on Katy's radar recently?

04:24 - A precursor for the conversation

05:21 - Industry performance update

07:19 - Katy's trend following perspective

11:40 - Discussing Katy's paper, "The Short of Shorting Bonds"

16:06 - The results of the paper

21:12 - Why the shape of the yield curve makes a difference

24:52 - Why trend followers make more money when the yield curve is inverted

26:59 - Does higher rates always mean you have to be short bonds?

33:15 - Do you earn interest on the money that are put up for margin?

35:12 - Where are we in the markets right now?

37:26 - The forecasting behaviour is difficult to change

42:52 - Different people, different perspectives

46:39 - Doing what happens next

48:12 - Best practices when analyzing the data

54:54 - Thanks for listening

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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

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