# SI408: Has Trend Following Changed Forever? ft. Alan Dunne

Page: https://stenobird.com/podcast/top-traders-unplugged-761537/si408-has-trend-following-changed-forever-ft-alan-dunne
Text version: https://stenobird.com/podcast/top-traders-unplugged-761537/si408-has-trend-following-changed-forever-ft-alan-dunne.md
Podcast: [Top Traders Unplugged](https://stenobird.com/podcast/top-traders-unplugged-761537)
Published: 2026-07-11T04:00:00+00:00
Episode link: http://localhost:8888/TopTradersUnplugged/ttu-2021/homepage/si408-has-trend-following-changed-forever-ft-alan-dunne
Audio file: https://episodes.captivate.fm/episode/d1d18b7d-940f-40fd-a099-fa001abb216b.mp3
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JSON: https://stenobird.com/v1/public/podcasts/top-traders-unplugged-761537/episodes/si408-has-trend-following-changed-forever-ft-alan-dunne
Duration seconds: 3828

## Resource

Markets continue to evolve, and so do the strategies designed to navigate them. Alan Dunne joins Niels Kaastrup-Larsen to explore why changes in market structure may have permanently altered short term trend following, and what that means for systematic investors. They discuss a fascinating new research paper on market microstructure, the changing role of liquidity, the rise of high frequency trading and why faster no longer necessarily means better. Along the way they examine the Federal Reserve's evolving communication strategy, the outlook for commodities, and why regime change continues to create both risks and opportunities for trend followers. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- 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 “ Ten Reasons to Add Trend Following to Your Portfolio ” 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 . Episode TimeStamps: 00:00 - Summer reading, Jeremy Grantham and lessons from early quantitative investing 05:22 - Shrinking retail products, smaller futures contracts and the rise of retail trading 12:18 - First half performance review for CTAs and trend followers 15:36 - Commodity markets, Middle East tensions and the AI driven demand story 20:09 - Kevin Warsh, Fed communication and a new era for mone…

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## Transcript

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