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.

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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:

01:15 - What has caught our attention recently?

09:08 - The tough situation of Fed independence

10:43 - Industry performance update

14:27 - Mark's analysis of the current trend following performance

21:01 - Are we picking up long term inflation trends?

23:04 - 2025 has given us something rare

26:05 - The core problem that trend followers face today

36:42 - The evolution of stablecoins

43:52 - The definition of financial bubbles is becoming diluted

53:11 - Risk - a feeling or a factor?

58:42 - The seductiveness of complexity

01:01:10 - Key observations from our conversation

01:07:17 - What is up for next week?

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

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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

SI359: Trend Following in a World That Loves Bubbles ft. Mark Rzepczynski

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