Ep. 490: Trump the Fed with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Efficient Market Hypothesis
All of this Fed action is predicated on the efficient market hypothesis. A hypothesis that stipulates trend following cannot and does not exist even though all of the data says, wow, look at that. If you were Buffett, you got bailed out. Roll forward to 2016 and then I can look at Bloomberg, The New York Times, The Washington Post, and coming up soon here, CBS Market Watch,. To question any of this means we're all fools.
Play episode from 11:27
Transcript
