SI373: Why Trend Thrives When Inflation Returns ft. Yoav Git

What if markets move not by logic, but by pressure? In this conversation, Alan Dunne and Yoav Git trace the invisible currents behind price formation, namely how a single dollar of inflow can lift valuations fivefold, and why that distortion challenges everything the efficient market promised. From the slow mechanics of supply and demand to the moral hazards of policy and liquidity, the discussion follows money as it reshapes narrative. They revisit research that foresaw inflation’s return, and question why QIS indices so often fade in practice. Beneath it all lies a quiet question: what truly drives the modern market? ----- 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. Follow Yoav on LinkedIn. Episode TimeStamps: 00:00:23 – Opening and agenda for the discussion 00:01:05 – Math education in the UK and XTX’s push to fund young talent 00:03:39 – Market performance recap for early November 00:04:49 – Reflections on volatility and fixed income trading conditions 00:05:13 – Introduction to the “Inelastic Markets Hypothesis” 00:05:53 – Supply, demand, and elasticity explained in market terms 00:10:30 – Instrumental variables and how economists measure elasticity 00:14:51 – The debate: if markets clear, how can flows move prices? 00:15:44 – Why equities are more inelastic than bonds 00:21:04 – Questioning the 5x effect and how...