***This webcast originally aired live on Hedgeye.com on June 9, 2026***

Markets may look chaotic. But are they truly random?

In this special Real Conversation, Hedgeye Founder and CEO Keith McCullough sits down with Richard Brennan, author of The Fractals of Finance: Determinism, Adaptation and the Geometry of Markets, for a fascinating discussion on the deeper structure driving financial markets.

Brennan’s work challenges the conventional view that markets are clean, efficient machines. Instead, he argues they behave more like complex adaptive systems, shaped by feedback loops, human behavior, volatility clustering, regime change and recurring fractal patterns.

That makes this a must-watch conversation for investors trying to understand what really drives trends, crashes, inflections and outlier moves.

Keith has long been fascinated by fractals and the non-linear nature of markets. In this conversation, he and Brennan will explore why price action often rhymes across timeframes, why extreme events happen far more often than traditional models suggest and why the market’s apparent noise may reveal a deeper geometry.

They’ll also discuss what fractals can teach investors about risk, trend formation, adaptability and the discipline required to navigate markets that are constantly changing.

If you want to better understand how markets move, why patterns repeat and what investors can learn from the hidden architecture of price, this is a conversation you won’t want to miss.

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Ep.140 Real Conversations | The Fractals of Finance: Richard Brennan on the Hidden Geometry of Markets

Hedgeye Podcasts

Ep.140 Real Conversations | The Fractals of Finance: Richard Brennan on the Hidden Geometry of Markets