Tor Svelland, of Svelland Capital, joins Alan Dunne in this episode to discuss the global macro forces driving global commodity markets. They discuss how the commodity markets have evolved over the years, as banks have scaled back trading and quant firms and CTAs have become more prominent players. Tor outlines the key reasons he believes commodity markets are in the midst of a super cycle, identifies where he sees the strongest opportunities and discusses what the commodity markets are currently suggesting about the state of global demand. They discuss how the global energy transition, de-globalization and nearshoring, rising geopolitical risk and increased defence spending will impact markets. They also delve into the periodic mis-pricings Tor sees between equities, particularly technology stocks, and commodities given their rising electricity demand.
-----
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 Alan on Twitter.
Follow Tor on LinkedIn.
Episode TimeStamps:
02:26 - Introduction to Tor Svelland
06:18 - How have commodity markets evolved?
09:19 - More opportunities in commodity markets?
11:32 - Why Tor started his own firm
14:15 - Tor's outlook for the commodity markets
17:10 - What has driven the flat trend in the major industrial markets?
20:09 - Are we in a super cycle?
22:55 - Translating trends into trades
24:47 - Which markets will benefit from the energy transition?
26:55 - A slow transition
31:14 - The temperature of the global economy
35:21 - Where will we see signs of recession?
39:13 - Is disinflation a major trend?
41:14 - How extreme can it get?
42:42 - How will Europe meet its energy demands going forward??
45:13 - How the defense spending will impact markets
47:07 - Taking advantage of the spikes in markets
51:06 - How volatility sellers affect markets
52:56 - Additional observations in the commodity markets
55:18 - Putting it all together
56:52 - Why has gold miners been so slow?
58:27 - Private capital taking over?
59:20 - Advice for other investors
01:00:30 - Thanks for listening
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
BO117: Judging A “Book” By Its Cover
BO116: Are US Treasuries Still Safe?
BO115: Trend or Value Investing...why not Both?
BO114: Why Too few Invest with CTAs
BO113: Asset Allocation Using Correlations
SI95: Jim Simon’s quotes on overriding your system and how to size your positions ft. Moritz Seibert
BO112: Combining Fundamental & Systematic Investing. Does it work?
BO111: Educating Financial Advisors About Systematic Investing
BO110: Change vs Inconsistency
BO109: Leverage & Volatility
BO108: The Case For Being Longer-Term & Systematic
SI94: Markets to avoid in Systematic Investing and David Harding interview ft. Moritz Seibert
BO107: Roughly Right or Precisely Wrong
BO106: The Perfect Portfolio
BO105: How to Trade Fixed Income
BO104: What (really) Defines A Trend Following Trader?
SI93: Howard Mark’s latest memo, TESLA and Wirecard ft. Moritz Seibert
BO103: Trend Following Explained in Less Than 15 Words
BO102: Treating Markets Differently...True or False?
BO101: Ignoring Short-Term Performance...even if it's Hard to do
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast