Dantes Outlook Market Podcast

For decades, the shorthand on Gulf markets has been simple: when oil rises, Saudi and UAE equities rise with it. Recently, that relationship has broken. Crude rallied over the past year while Saudi and UAE equities trailed. In this episode we walk through why our portfolios no longer view Gulf equities as a pure-play on energy. Instead, we view the region as a structural non-oil development play. We also look at 342 Saudi funds against the local index, where the results are uncomfortable: the typical Saudi equity fund significantly underperformed the TASI benchmark, and cash was the only category where the median fund beat the benchmark. Global multi-asset funds have outperformed riskier domestic-focused funds that were exposed to IPOs this year.

Latin American equities are outperforming, but is this a short-term rally or the beginning of a structural bull market? In this episode, Damanick Dantes, CMT, founder of Dantes Outlook speaks with Mauricio Alvarez, CEO and portfolio manager at OTG Asset Management to unpack key drivers behind the resurgence in Latin America markets. The conversation connects global macro trends (interest rates, U.S. dollar, commodities) with fundamental factors like earnings growth, valuations, and country-level opportunities. The discussion also explores how quantitative signals, capital flows, and investor positioning are reinforcing the trend. From near-shoring in Mexico to commodity leverage across Brazil and Chile, this episode highlights why Latin America is gaining renewed attention from global investors, including potential risk factors.

In a rapidly shifting global landscape marked by geopolitical tension and increasing fragmentation, wealth management is no longer just about markets. It’s about optionality. In this episode, Damanick Dantes, CMT, founder and portfolio manager at Dantes Outlook, sits down with Dalton Skach of Henley & Partners to explore how ultra-high-net-worth individuals and families are thinking beyond traditional portfolios by integrating global mobility, jurisdictional diversification, and long-term planning into their wealth strategy. The conversation covers recent market and geopolitical developments, insights from global mobility trends, and how aligning where you invest with where you live can enhance resilience across economic cycles. For global entrepreneurs, family offices, and investors navigating liquidity events, this episode offers a timely perspective on building a truly global wealth framework.

In this episode, Damanick Dantes, CMT, founder and portfolio manager at Dantes Outlook, sits down with Jerry Parker, founder of Chesapeake Capital and one of the original Turtle Traders selected by Richard Dennis in 1983. With more than four decades of experience in systematic trend following, Jerry shares insights on risk control, diversification, and why discipline is the foundation of durable performance. The conversation explores how trend following behaves across market regimes, the role of dispersion in today’s environment, and how advisors and portfolio managers can thoughtfully integrate systematic strategies into diversified portfolios.

In this special year-end episode, Damanick Dantes, CMT breaks down Dantes Outlook’s latest crypto research and what it means for multi-asset portfolios. Drawing on market data, on-chain insights from Glassnode, internal models, and academic research, the episode explores why crypto lagged in an otherwise strong year for investors — and how the firm's dynamic Bitcoin/Gold rotation strategy helped manage risk.

Damanick Dantes, CMT explains why no strategy wins every year — and why blending trend, relative strength, and price dispersion can create more stable compounding across cycles. He breaks down the behavioral risks of drawdowns during your mid-career accumulation phase, the dangers of sequence-of-returns risk at retirement, and why rolling returns offer a more realistic view of portfolio behavior than traditional price charts. You’ll also hear why global diversification is becoming increasingly important, especially as non-U.S. equities emerge from historically deep valuation discounts.

In this episode, Damanick Dantes, CMT breaks down what history tells us about cycles of overvaluation, rotation, and long-term returns. Using a simple pendulum analogy, he explains how leadership in markets swings over time, why valuations still matter, and why investors should avoid the short-term gamification mindset. Damanick walks through the current data, the risks beneath the surface of AI-driven exuberance, and how a blended global exposure to value and quality factors helps create a smoother, more resilient portfolio without missing out on growth opportunities.

Renewed concerns about stretched U.S. equity valuations are colliding with one of the strongest seasonal periods of the year. In this week’s Portfolio Playbook, Damanick Dantes, CMT discusses why bearish sentiment often precedes market recoveries — and how relative strength trends are shifting beyond the U.S. Victor Zhou, Portfolio Strategist at Dantes Outlook, joins to share how the firm’s systematic framework is positioning for global opportunity while maintaining a disciplined, risk-aware approach.

Damanick Dantes, CMT breaks down the quiet shifts happening beneath the surface of the stock market. U.S. high-beta stocks have been leading, but narrow market breadth raises the question — how long can a few names carry the rally? Damanick explains why healthy bull markets need rotation, how cyclical sectors can signal renewed optimism, and why quality companies — those with strong balance sheets and durable profits — are worth watching in this late-cycle phase. Plus, we look at how global value stocks in Europe and emerging markets may offer diversification as leadership broadens beyond U.S. tech.

Treasuries are defying October norms, gold is stretched, and key correlations are shifting. Dantes Outlook explores how moderating inflation, a softening labor market, and fading yields are creating a late-cycle environment that rewards selective risk-taking. Tune in for actionable insights on bonds, metals, and portfolio positioning — with full details available for premium subscribers.

Dantes Outlook's Q3 2025 Market Intelligence Report is live—a quarterly assessment of global markets through the lens of our trend, momentum, and dispersion models. This quarter’s findings point to narrowing dispersion across asset classes, with metals, long-duration Treasuries, and select emerging markets showing improving signals. Meanwhile, U.S. large caps remain stretched, and the dollar’s stabilization may set the stage for rotation into undervalued assets. The full report, including model outputs, z-score rankings, and portfolio implications, is available exclusively to Dantes Outlook clients and Substack subscribers.

Fresh off his travels to Riyadh and Dubai, Dantes Outlook founder Damanick Dantes, CMT joins host Isaac Diop for a special edition of Portfolio Playbook. As a speaker at the 2025 CMT Global Investment Summit, Damanick shares his first-hand perspectives on the Middle East’s fast-evolving investment landscape — from shifting regional capital flows to the global appetite for diversification beyond the U.S.

Damanick Dantes, CMT and Abdulelah Alfouzan, CMT discuss the dynamics shaping Saudi and global markets. From growth initiatives and sector opportunities to building a global cross-asset framework, Abdulelah shares how technical analysis can guide investors in a unique regional environment. This was an exciting discussion, which also outlined Saudi Arabia's hashtag#Vision2030 initiatives. This episode also looks ahead to the upcoming CMT Association, Inc. conferences in Riyadh and Dubai, and the vision for strengthening the CMT community in the Kingdom.

In this episode of Portfolio Playbook, host Damanick Dantes, CMT reviews the latest cross-asset signals, including insights on bond market positioning, Fed policy expectations, and the role of active management in fixed income. Asia correspondent Elena Zeng then breaks down what’s driving Chinese equities, the narrowing gap between onshore and offshore markets, and why exposure to emerging markets should remain tactical.

In this special Lead Up to Dubai episode, host Damanick Dantes, CMT is joined by Yara Fanek, CFA, CMT, an FX trader and co-chair of Women in Technical Analysis - a committee of the CMT Association. Based in Dubai with deep expertise in financial markets and investment banking, Yara shares her background, trading process, and outlook for the region. Together, they explore the $7 trillion FX market, the role of technical analysis in building disciplined strategies, and how Dubai is positioning itself as a leading global financial hub.

In this episode of Portfolio Playbook, host Damanick Dantes, founder and portfolio manager at Dantes Outlook, is joined by portfolio strategist Victor Zhou to discuss the challenges and opportunities shaping global portfolios. They examine stretched U.S. equity valuations, the role of the “Mag-7” in driving market extremes, and the contrasting opportunities in Europe and emerging markets. The discussion highlights how currency shifts, sector dynamics, and diversification strategies—including trend-following and tactical ETF allocations—can help investors navigate today’s uncertain environment.

In this episode of Portfolio Playbook, Damanick Dantes, CMT breaks down the latest market developments and what they mean for investors. From the Fed’s cautious stance on rate cuts to stretched equity positioning and renewed momentum in Chinese markets, he highlights where risks and opportunities lie. The discussion then turns to fixed income, where today’s yield environment presents a “sweet spot” in the belly of the curve, and why bonds are once again a stabilizing force for portfolios. Finally, he considers the challenges active managers face in an equity market dominated by the Magnificent Seven and where selective opportunities remain.

In this episode of Portfolio Playbook, host Damanick Dantes, CMT discusses the latest market signals—from strong equity breadth to persistent U.S. inflation pressures—and how they’re shaping portfolio positioning. The conversation covers tactical moves into U.S. equities, emerging markets, and semiconductors, along with structural shifts in bond trading and investor behavior. Listeners gain perspective on how to stay adaptive and disciplined in a market that often looks forward before the data does.

In this episode of Portfolio Playbook, host Damanick Dantes, CMT breaks down the macro and market forces driving recent allocation shifts in the Dantes Outlook ETF Portfolio. We explore improving credit quality, renewed opportunities in fixed income, and model-based macro positioning from DeepMacro. Damanick explains how currency correlations shape portfolio tilts and why traditional trend-following is struggling in 2025. Later, Victor Zhou, portfolio strategist at Dantes Outlook, joins to discuss a State Street framework for emerging market investing — including how higher activeness and EM small caps can enhance alpha potential and resilience.

In this episode of Portfolio Playbook, Damanick Dantes breaks down how a late-stage trade truce, rising margin debt, and hawkish central banks are influencing global asset allocation. With insights from Deutsche Bank, SentimenTrader, and the Dantes Outlook team, he explains what’s behind the recent market highs—and where signs of exhaustion are showing up. Learn how Dantes Outlook is adjusting its ETF model portfolios across equities, bonds, and commodities to stay disciplined in an increasingly speculative environment.

In this episode, Damanick Dantes breaks down the week’s biggest market movers—from a major U.S.–Japan trade deal to the return of meme stock mania—and how central banks are shifting their tone. He also shares insights from Deutsche Bank, Vanguard, DeepMacro, and members of the Dantes Outlook team on what’s driving asset class performance and how portfolios should adapt. It’s a concise, strategic guide to cutting through the noise and making smarter investment decisions.

Today, we explore global energy through the lens of Russia, the world’s largest exporter of oil and gas. And to the west is Europe, which is heavily reliant on Russian gas supplies. According to some estimates, Russia is earning roughly $500 million per day on oil and another $400 million on gas all together. But gas flows from Russia to Europe were already declining into the Q4 heating season last year. Flows flattened out earlier this year, and recently ticked downward. To help us understand the Russia/EU gas market, we turn to Nadia Kazakova, an analyst at Renaissance Energy Advisors (REA). Nadia is an expert in this field with prior roles at JP Morgan and Saxo Bank. She also provides in depth analysis on operating stats from Gazprom, Russia’s majority state-owned energy company.

In this month’s episode I’ll provide a brief outlook for commodity markets from our strategy desk. Oil was the clear winner over the past three months, which accounted for most of the gains in the broad commodity index. Most price signals have extended into overbought territory, although pullbacks could be temporary over the next quarter. Elsewhere, metals have stabilized and oversold signals could present buying opportunities. ​​Over the short-term commodity prices should trade at a premium given supply risk and geopolitical issues. Long-term (two-three years), the effects of slowing economic growth as a result of tighter monetary policy and inflation could weigh on commodity prices, especially as recession signals advance.

Dr. Lev Borodovsky, editor of The Daily Shot newsletter returns to the show to help us unpack geopolitical and macroeconomic developments. The threat of rising inflation, slowing economic growth, and conflicts in Russia and Ukraine have kept investors on edge. But over time, markets can adjust to higher volatility as valuations normalize. Lev has been busy gathering insight across Wall Street – a great value to our listeners and investors! Make sure to subscribe to The Daily Shot.

Today, we’re talking about volatility. It’s well known that markets ebb and flow, but over the past 25 years or so, there has been a pattern of spectacular rises and crashes. And that comes at the expense of decaying economic growth and central banks becoming the leaders of last resort. To understand why this is happening, we turn to Tim Lee, the author of The Rise of Carry.

Happy new year! In this episode, I'll provide an overview of commodity market performance in Q4 and expectations going forward. The commodity price rally appears to be slowing, which could point to lower returns this year. The copper/gold ratio, a gauge for risk-on/risk-off, is testing resistance similar to 2018, which preceded pullbacks across risk assets including equities and commodities.

In this month’s episode, we’re joined by Lydia Idem, an investment advisor and venture capital fund manager. Lydia has founded, advised and invested in startups for the past 25 years. And recently, Lydia expanded her portfolio into Africa. We discussed investment trends and how she plans to make a bigger footprint on the continent.

Katie Stockton, managing partner of Fairlead Strategies, joined the show to discuss her disciplined process and market outlook for 2022. Katie is a Chartered Market Technician (CMT), who studies price action in order to identify market opportunities. We talked about the importance of filtering noise by combining a mix of trend and momentum signals, especially given increased uncertainty heading into the new year.

In this month’s episode, we’ll take a break from the trading screen and talk about the next frontier in FinTech. For that, we head to Brazil, where we’re joined by João Pedro Thompson, co-founder of Z1, a financial app made exclusively for Brazil’s Gen Z population.

Here is a brief market outlook from the trading desk. The broad commodity complex continues to rally after breaking above a decade-long downtrend. Indicators suggest the divergence in returns could narrow in the months ahead as leaders appear significantly overbought relative to laggards. ​ ​ Market guide here: https://www.dantesoutlook.com/reports.html

On this month’s episode, we’re joined by Matt Clements, managing director of MarketDesk Research (MDR), an investment research service for wealth managers and institutional investors. Matt co-founded MDR with his brother, Jon Clements, who previously worked at Goldman Sachs on the investment research team. We’ll hear about their evidenced-based research process and market outlook given uncertainty regarding Fed policy and inflation.

On this month’s episode, we’re joined by Beth Wright, director and senior legal counsel at Julius Baer, an international wealth management firm. We’ll learn about Beth’s work in supporting migrant mothers and children who are part of a valuable workforce in Asia. And then we’ll discuss Beth’s passion for fitness and lifelong learning, which can be useful for all busy professionals.

Here is a brief market outlook from the trading desk. Stocks and commodities continued to rise in Q2, but upside appears limited into Q3 as seasonal weakness unfolds. For now, breakouts in cyclical and growth sectors suggests long opportunities remain for stock pickers and trend strategies. Inflation expectations appear stretched, which typically precedes a decline in commodity prices. Risk assets will likely experience near-term weakness, but could eventually hold lower support levels given long-term breakouts.

In this month's podcast, we're joined by Cedric Thompson and Philip Williams of Phil The Gap (PTG), a financial and investment management firm based in Trinidad & Tobago. We discussed the unique needs of the Caribbean diaspora and how a disciplined investment process can generate wealth. Further, the partnership between PTG and Dantes Outlook utilizes technical and analysis to manage multi-asset trading portfolios – an alternative source of return for clients across the globe.

Here is a brief market outlook from the trading desk. Our positioning suggests a pause in the reflation trade as upside momentum slows. Trades have been range-bound over the past two weeks as uptrends in commodities and equities (from Q4-Q1) stall. Buyers should return at lower support levels, consistent with the macro recovery. Read the full report here: https://lnkd.in/eDYpYXx

On this month’s episode, we’re joined by Matthew Bacchiochi, vice president and portfolio manager of GAVIN Hockey Wealth Specialists. We discussed Matt’s background and investment process, including the unique approach that GAVIN takes when managing the wealth of Canadian hockey players. For more than 20 years, Matt has been coordinating the financial affairs of NHL players and high net-worth individuals. He co-founded GAVIN in 2003 with Stewart Gavin and established the firm’s investment philosophy.

On this month’s episode, we’re joined by Dr. Lev Borodovsky, editor of The Daily Shot, a graphical newsletter highlighting macro themes around the world. We discussed the global growth and inflation backdrop, and what it means for credit markets and equities.

In this episode, we revisit a presentation by Bruce Powers, CMT which took place in April 2018 at a Dantes Outlook investment conference in New York. Bruce discussed his outlook on the cryptocurrency market, trading strategies and the inclusion of digital currencies in traditional asset management. It was a timely presentation that still matters for investors today. Firms such as Mass Mutual, Ruffer, and Guggenheim Investments are adopting bitcoin as an asset class. And there's growing interest in the investment advisor community. This means the cryptocurrency market is maturing, which will enable greater access for traders and investors. "The crypto market is unique. It's the first global market that truly operates 24/7. There is a strong herding behavior that drives price patterns in the crypto market. For traders, this creates an opportunity to utilize technical measurements," said Bruce in 2018. His optimism rested on evidence of institutional interest that continues to play out. On strategy, Bruce…

Cedric Thompson, CMT joins this month's episode to discuss his investment process and outlook into the year-end. Cedric hails from the Caribbean islands, and is currently an investment management strategist at a mutual fund company in the Republic of Trinidad and Tobago. As part of his mandate, he analyzes relative strength and momentum across sectors and asset classes. Cedric starts with a top-down view of capital markets, which forms the base case for investment decisions. To execute on those decisions, Cedric uses technical analysis to identify timely entry and exit points.

On this month’s episode, we’re talking about volatility. Amidst a global pandemic, US elections, and Brexit wrangling, traders and investors are in for a wild Q4. And with extreme price moves becoming more common, the global financial system is increasingly at risk of rising trader defaults. But there's a way to balance risk and reward without excessive losses. Robert Krause, chairman and CEO of Demand Derivatives joined the podcast to discuss the mechanics of his unique volatility instruments. Demand Derivatives is a futures exchange and clearing house trading the world’s major asset classes in a creative new way. We discussed his instrument designs, pioneering blockchain technology, instant clearing, and default-free, fully collateralized positions that will challenge existing exchanges and clearing houses.