Summary: <br> On today’s episode, we discuss the clear link between stock market prices & the Federal Reserve balance sheet, the widening gap between the best & worst CTA performances, the influx of retail money into the stock market, how RobinHood makes its profits despite offering free trading, bond prices and what they may be telling us about the future, how CTAs might now be swinging back to the long side, and how lofty expectations are driving many stock prices unexpectedly higher.<br> If you would like to leave us a voicemail to play on the show, you can do so <a href="https://www.speakpipe.com/ttuvoicemail">here</a>.<br> Learn more about the Trend Barometer <a href="../resources/market-trends/">here</a>.<br> IT's TRUE - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written <a href="http://bit.ly/36bzny2">here</a>.<br> And you can get a free copy of my latest book "The Many Flavors of Trend Following" <a href="http://www.toptradersunplugged.com/book">here</a>.<br> Send your questions to <a href="mailto:info@toptradersunplugged.com">info@toptradersunplugged.com</a><br> Follow Niels & Moritz on Twitter:<br> <a href="https://twitter.com/TopTradersLive">@TopTradersLive,</a> and <a href="https://twitter.com/moritzseibert">@MoritzSeibert</a>,<br> And please share this episode with a like-minded friend and leave an honest rating & review on <a href="https://itunes.apple.com/us/podcast/top-traders-unplugged-niels/id888420325?mt=2">iTunes</a> so more people can discover the podcast.<br> <br> <br> Episode Summary<br> 0:00 - Intro<br> 1:21 - Global macro review<br> 2:42 - Weekly review of returns<br> 5:15 - How lofty expectations are driving stock market prices<br> 8:25 - What bond markets are telling us about the long prospects for equities<br> 13:13 - Why we may be heading for an inflationary environment<br> 19:05 - How CTA positioning is beginning to swing to the long side of equities<br> 21:20 - <a href="https://mrzepczynski.blogspot.com/2020/07/keeping-it-simple-with-downside.html">Article on downside protection by Mark Zepczynsk</a>i<br> 28:29 - <a href="https://mrzepczynski.blogspot.com/2020/07/cta-style-dispersion-higher-these-are.html">Article on high CTA returns dispersion by Mark Zepczynski</a><br> 30:23 - Unveiling of guests, & more info, about our upcoming mini-series<br> 44:47 - Performance recap<br> Subscribe on:<br> <a href="https://www.toptradersunplugged.com/itunes" target="_blank" rel="noopener noreferrer"></a> <a href="https://www.stitcher.com/podcast/top-traders-unplugged" target="_blank" rel="noopener noreferrer"></a> <a href="https://soundcloud.com/toptradersunplugged-com/" target="_blank" rel="noopener noreferrer"></a><br>
