Trend Following With Michael Covel

My guest today is Victor Sperandeo, known as "Trader Vic", a US trader, index developer, and financial commentator. He serves as the President and CEO of Alpha Financial Technologies, LLC (AFT), is a founding partner of EAM Partners L.P., and serves as the President and CEO of its general partner, EAM Corporation. The topic is trading. In this episode of Trend Following Radio we discuss: Recent public policy directions Trading against your public policy interests Zero interest rate policy Whether the S&P is a "bribe" The Fed mandate to keep stocks from falling and to stop volatility The wealth effect Why the stock market going up is a very poor instrument to fix the economy The trend towards socialism Sperandeo's experience working with George Soros Sperandeo's experience with the DTI index lack swans and the effects of large, catastrophic events on the market; why the only way to protect yourself is extreme diversification; volatility balancing; and Sperandeo's experience as a young man and how he came