SI303: The Unstoppable Volpocalypse ft. Cem Karsan & Alan Dunne

<p>Cem Karsan joins Alan Dunne in this week’s episode to discuss global macro developments and key events to monitor in the coming months. They explore the shifting market microstructure and how volatility supply from structured products is impacting dispersion, correlation, and the value of breadth as a market indicator. Cem outlines his outlook on volatility trading for the coming months, highlighting key dates in the options calendar that may become focal points as the year progresses. They also examine the wealth effect resulting from rising stock prices, discussing how this reflexive process influences market dynamics and what it means for identifying potential turning points for equities. Finally, they delve into the elections in the UK, France, and the US, consider the likelihood of Biden being replaced and discuss to what the extent the market is pricing in a Trump victory.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p>-----</p><p><br /></p><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Alan on <a href="https://twitter.com/alanjdunne" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>.</p><p><strong>Episode TimeStamps:</strong></p><p><strong>00:59 - </strong>Industry performance update</p><p><strong>06:30 - </strong>The outlook for volatility supply</p><p><strong>09:01 - </strong>Braking the volatility cascade</p><p><strong>11:47 - </strong>Is the Yen in trouble?</p><p><strong>13:51 - </strong>Is bread becoming unreliable?</p><p><strong>19:57 - </strong>When does it all end?</p><p><strong>24:38 - </strong>What should you monitor as an investor?</p><p><strong>27:46 - </strong>When will we begin to see increased risk?</p><p><strong>33:09 - </strong>What will drive the increasing volatility?</p><p><strong>35:10 - </strong>The election from a volatility perspective</p><p><strong>42:46 - </strong>Volatility from a market pricing perspective</p><p><strong>45:36 - </strong>How will a win for Trump impact the economy?</p><p><strong>47:56 - </strong>Looking outside of the U.S.</p><p><strong>53:06 - </strong>Similar volatility supply dynamics in Europe?</p><p><strong>54:52 - </strong>Good times ahead for gold?</p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>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. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. 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