Michael Covel's Trend Following cover image

Ep. 29: Mike Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

00:00

The Importance of Market Timing

The stock market doesn't just return money to people and go up, it's based on two primary return drivers. The enthusiasm for owning or not owning stocks has nothing to do with corporate earnings. And that explains 95% of the rolling 10-year price action of the S&P index. In periods of less than 20 years the dominant return driver for stock prices is the P.E. ratio.

Play episode from 34:55
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app