Trading Algorithms
topic on 2 shows · 3 statements across 2 episodes
Capital Allocators 
the MAD Podcast
3 statements about Trading Algorithms, every show
Trading algorithms and backtests without economic theory produce spurious correlations
“My biggest investment pet peeve is probably an over-reliance on trading algorithms and back tests that lack a foundation in underlying theory. Probably comes back to my academic roots. But while I believe big data is absolutely part of the answer, and there's …”
Gourley: Trading algorithms exit markets during Fed report releases
“They're all pre-programmed. To get out of the market when a Fed report comes out about the unemployment rates because they don't know how to read it.”
A fake AP tweet about White House explosions wiped $200B
“And a fake news report from AP Newswire comes out, says there's a bomb in the White House, and then this happens. The algorithms leave the market because they go, I don't really know what's going on here. I know something to do with the bomb happened, and prob…”