In this episode Peter Oppenheimer, Chief Global Strategist and Head of Macro Research in Europe for Goldman Sachs joins us to discuss his new book Any Happy Returns: Structural Changes and Super Cycles in Markets. Peter believes financial cycles are the primary driver of investor returns. He explains how each cycle consists of four phases with distinct characteristics in terms of returns, earnings growth and valuations. We talk about the structural changes that are creating headwinds for markets in our current super-cycle and how AI and the energy transition might help offset them.
-----
EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
-----
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 “The Many Flavors of Trend Following” 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 Kevin on SubStack & read his Book.
Follow Peter on LinkedIn & read his book.
Episode TimeStamps:
02:07 - Introduction to Peter Oppenheimer
04:59 - What do financial cycles derive from?
07:19 - What drives the cycles?
09:31 - A desynchronisation in the cycles
12:15 - Are we entering an optimism phase?
14:39 - Interpreting the signals
17:38 - Does Peter see room for interest rates to rise?
21:59 - What drives the high corporate profits in GDP?
26:54 - Are companies losing their margins?
29:17 - The potential of AI
31:54 - Can high energy consumption ruin the development of AI?
35:48 - Where will the investment in AI come from?
40:00 - Going full cycle
41:37 - The engines of growth
43:43 - Did the central bank response stop markets from becoming volatile?
48:13 - The role of central banks
51:22 - Getting out of a period of high debt
Copyright © 2023 – CMC AG – All Rights Reserved
----
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
Privacy Policy
Disclaimer
SI267: A Masterclass in Absolute vs Cross Sectional Momentum ft. Richard Brennan
ALO17: Inflation, Volatility, and AI: Ruffer's Bold Market Insights ft. Matt Smith
SI266: Constructing and Assessing Trading Strategies ft. Rob Carver
GAL6: UAPs - What Are We Really Dealing With? ft. Larry Hancock
SI265: Deep Dive Into Non-Trend Complementary Strategies ft. Nick Baltas
ALO16: Beyond 60-40... A Bold Approach to Asset Allocation ft. Troy Gayeski
SI264: The Evolution of the Trend Following Industry ft. Andrew Beer & Alan Dunne
GM51: Allocating Assets when Goldilocks Inverse ft. Christian Mueller-Glissmann
SI263: Changes aren't permanent, but change is ft. Mark Rzepczynski
GM50: A Century of Disorder ft. Helen Thompson
SI262: Opportunities in FX fueled by the FED ft. Alan Dunne
IL21: How China Manages Their FX Reserves ft. Zongyuan Zoe Liu
SI261: The Biggest Story in Asset Allocation ft. Nick Baltas
GM49: Unveiling the Power of Confidence ft. Peter Atwater
SI260: The Voldemort of the Asset Management Business ft. Andrew Beer
GAL05: Pumping the BRICS Agenda & Hidden Risks ft. Nelson Rangel
SI259: Trend Following & the New Normal ft. Katy Kaminski
GM48: Resilient Growth BUT Economic Downturn Ahead ft. Chen Zhao
SI258: Absolute Momentum in a Chaotic Environment ft. Richard Brennan
IL20: How to Survive the Current Fourth Turning ft. Neil Howe
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast