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Ep. 1: Michael Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Understanding the Return Driver

A return driver is that smallest basic piece of data or concept that dominates the market movement of a commodity. In our actual trading, everything comes down to a return driver. Once we've understood that earnings growth is one, people's enthusiasm for running stock is another, you can develop strategies and capitalize on those return drivers.

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