As summer sets in, Cem Karsan joins Niels Kaastrup-Larsen to trace the contours of a market that feels calm but isn’t. What looks like low vol masks a crowded hedge fund ecosystem and a structural vol compression regime few understand. From a VIX spike driven by unexpected Call activity to the slow-motion political pressure on Powell, the signals are subtle but mounting. They cover China’s resource diplomacy, AI’s quiet dislocation of white-collar work, and the rising fragility from concentration across assets, brokers, and narratives. This is a conversation about setup, not outcome... and the traps hiding in plain sight.

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SI357: Liquidity, Leverage, and the Lie of Calm ft. Cem Karsan

Niels Kaastrup-Larsen | Trend Following Expert | 10-Year+ Podcast with 10M+ Downloads | Talks about Alternative Investments, Hedge Funds, Global Macro, Geo-Politics, Commodities, Quant Investing, Crypto, and Volatility. Join the conversation!

SI357: Liquidity, Leverage, and the Lie of Calm ft. Cem Karsan

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