Podcast appearances and mentions of Michael A Gayed

We speak with Michael A Gayed, CFA about his journey in the business from watching his father trade, to his market research, to launching products of his own. We discuss the nature of risks, the market today, and the biggest mistakes professional investors make. Michael A. Gayed is publisher of the The Lead-Lag Report, He also runs the Lead Lag report podcast where he interviews the top names in investing and economics. Michael is a 5x winner of the Dow and NAAIM Founder's award for his research, including “Leverage for the Long Run: A Systematic Approach to Managing Risk and Magnifying Returns in Stocks” and “Lumber, Worth Its Weight in Gold: Offense and Defense in Active Portfolio Management”. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and he is a CFA Charterholder. What Michael is Reading Right Now: The Illustrated Man by Ray Bradbury Read More from Michael: Seeking Alpha, Lead-Lag Media, on X and LinkedIn   ___ Get updated when new episodes release by joining our list: https://bit.ly/4dwwTgD Connect with CFA Society Dallas/Fort Worth: LinkedIn | Instagram| www.cfasociety.org/dallasfortworth

Interview recorded - 20th of June, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Michael A. Gayed, Portfolio manager at Toroso Investments and publisher of  @leadlagreport .During our conversation we spoke about whether we still are in a recession, why the FED will increase interest rates further, other macro drivers Michael is watching and whether we will experience a Melt-Up. I hope you enjoy!0:00 - Introduction1:27 - What is happening in lumber and real estate?4:07 - Why will the FED increase interest rates further?5:50 - Any other parts of the markets that you are concerned about?9:42 - Concentration of stocks11:32 - Nvidia and CISCO13:22 - Other macro drivers Michael is watching?15:22 - How long can debtors survive?17:03 - Melt-up?19:07 - One message to takeaway from our conversation?Prior to Toroso Investments, Michael was the Co-Portfolio Manager and Chief Investment Strategist at Pension Partners, LLC, an investment advisor managing mutual funds and separate accounts. He is the author of five award-winning research papers on market anomalies and investing. Michael was an active contributor to MarketWatch for a number of years and has been interviewed on CNBC, Bloomberg, and Fox Business, as well as the Wall Street Journal Live for his unique approach to interpreting market movements.Michael earned his Bachelor of Science degree with a double major in Finance & Management at NYU Stern School of Business. Michael became a CFA Charterholder in 2008.Michael Gayed - YouTube -  @leadlagreport  Website - https://www.leadlagreport.com/Twitter - https://twitter.com/leadlagreportLinkedIn - https://www.linkedin.com/in/michael-a-gayed-cfa/Instagram - https://www.instagram.com/leadlagreport/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Michael A Gayed is a  a Portfolio Manager at Tidal Financial Group. His approach is to focus in on zones/period of volatility to find the best investment opportunities in the markets. For powerful market insights to improve your long-term investment strategy, take a read of his Lead Lag Report.==Before you leave this page...Use my 10% Discount Coupon ATL10off for your 'audition' with Surge Trader prop firm. Click the link to get started:https://www.surgetrader.com/?afmc=vd Once you pass the audition, you have access to funded accounts from $25,000 and upwards.Support the showPlease follow A Trader's Life on Twitter. And if you're a trader with some stories you'd like to share and you'd like to be on the how, don't hesitate to reach out: nic.penrake@gmail.com.Link up with me on Li.Support the showSupport the showPlease follow A Trader's Life on Twitter. And if you're a trader with some stories you'd like to share and you'd like to be on the how, don't hesitate to reach out: nic.penrake@gmail.com.Link up with me on Li.

Michael A Gayed is respected as an award-winning, results-oriented Investment Manager and publisher of the Lead-Lag Report. On the podcast we discuss SVB, Credit Suisse, what Powell might do, housing market, Twitter, “path vs. prediction” and much more. PLEASE SUBSCRIBE LIKE AND SHARE THIS PODCAST!!!     Follow Michael Twitter - https://twitter.com/leadlagreport?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Instagram - https://www.instagram.com/leadlagreport/ YouTube- https://www.youtube.com/c/theleadlagreport Website- https://www.leadlagreport.com/ Podcast- https://leadlaglive.buzzsprout.com/   Follow Me Twitter- https://twitter.com/CoffeeandaMike Instagram- https://www.instagram.com/coffeeandamike/ Facebook- https://www.facebook.com/CoffeeandaMike/ Truth Social- https://truthsocial.com/@coffeeandamike Gettr- https://gettr.com/user/coffeeandamike   Support My Work Venmo- https://venmo.com/code?user_id=3570365208987017385&created=1658667789.4661531&printed=1 Website- www.coffeeandamike.com Email- info@coffeeandamike.com

Guest: Michael A. Gayed, CFA, Portfolio Manager at Tidal Financial Group. LinkedIn: https://www.linkedin.com/in/michael-a-gayed-cfa/ Bio: Michael A. Gayed is Portfolio Manager at Tidal Financial Group, an investment management company specializing in ETF-focused research, investment strategies, and services designed for financial advisors, RIAs, family offices, and investment managers. Before Tidal Financial Group, Michael was the Co-Portfolio Manager and Chief Investment Strategist at Pension Partners, LLC, an investment advisor managing mutual funds and separate accounts. Michael is the author of five award-winning research papers on market anomalies and investing and was an active contributor to MarketWatch for several years. He has been interviewed on CNBC, Bloomberg, Fox Business, and the Wall Street Journal Live for his unique approach to interpreting market movements. Michael earned his Bachelor of Science with a double major in Finance & Management at NYU Stern School of Business. Michael became a CFA Charterholder in 2008. This episode is hosted by Aleksandar Brdar and Jozef Hrčka. @: Mail: podcast@klubinvestoru.com FB: https://www.facebook.com/klubinvestoru LINK: https://www.linkedin.com/company/klubinvestoru/ IG: https://www.instagram.com/ki_brno/ TW: https://www.twitter.com/klubinvestoru YT: https://www.youtube.com/channel/UCOm7ceRVGPXVkDJ-WUSW8xA Studio: https://www.studiovokal.cz/

Get Opto's best content every day, by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterOn Wednesday 30th November I spoke to Michael A. Gayed, live to an audience of some of his 726,000 Twitter followers. Michael is a Portfolio Manager at Toroso Asset Management and author of the critically acclaimed newsletter and research publication, ‘The Lead Lag Report'.We discuss unprecedented market behaviour, and when a return to a traditional risk-on, risk-off environment is likely. Michael points to a few signals indicating a possible return to normality, before offering his thoughts on how investors can attempt to cope with black swan events. Enjoy!Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

Starring Chris Irons, Doomberg, Alex Epstein, Deer Point Macro, Alfonso Peccatiello, Chris Martenson, Le Shrub, Andy Constan, Tracy Shuchart, Daniel Lacalle, Jim Bianco, Wall Street Silver, Josh Young, and George Noble.Produced and directed by Michael A. Gayed, CFACheck The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreport              Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.               Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.              The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)

With the recent CPI print, crypto market participants seem to be taking a risk-off approach once again. Will the FED continue to raise interest rates until they crash all markets? Or can we expect them to pivot sometime soon? In today's episode of Friday Banter, Cryptoman Ran discusses the current state of cryptocurrencies with 3 crypto experts, Michael A. Gayed, Harry S. Dent, and Andreas Steno Larsen. Join live to hear their thoughts on the macro environment of the crypto market and the stock market.

Buy These ESG Stocks, Say Analysts Articles covered: “Which Renewable Energy Stocks to Buy Now? 3 Top Picks” by Tezcan Gecgil; “My 3 Best Stock Split Growth Stocks to Buy Now and Hold Forever” by Danny Vena; “iShares ESG Aware MSCI USA ETF: Key Themes” by Michael A. Gayed. Companies reviewed include: Blink Charging, Brookfield Renewable Partners, Clearway Energy, and Nvidia PODCAST: Buy These ESG Stocks, Say Analysts Transcript & Links, Episode 80, April 8, 2022 Hello, Ron Robins here. Welcome to podcast episode 80 published on April 8, 2022, titled “Buy These ESG Stocks, Say Analysts” — and presented by Investing for the Soul. Investingforthesoul.com is your site for vital global ethical and sustainable investing news, commentary, information, and resources. Remember that you can find a full transcript, and links to content – including stock symbols, quotes, and bonus material – at this episode's podcast page located at investingforthesoul.com/podcasts. Now, just a reminder. I do not evaluate any of the stocks or funds mentioned in this podcast. Furthermore, if you're concerned about the ESG and sustainability ratings of any stock or fund included in this podcast, check your broker's online site for such information. If your broker doesn't have this information, signup for free with Morningstar and you can gain access to company and fund ESG-sustainability ratings. Please note, that I receive no compensation from Morningstar or anyone else covered in these podcasts. Also, if any terms are unfamiliar to you, simply Google them. ------------------------------------------------------------- 1. Buy These ESG Stocks, Say Analysts Now, the first article I want to talk about is titled Which Renewable Energy Stocks to Buy Now? 3 Top Picks by Tezcan Gecgil, an InvestorPlace Contributor. Here are some quotes by Mr. Gecgill on each of the three companies... “1) Blink Charging (NASDAQ:BLNK) Blink Charging operates electric vehicle (EV) charging equipment and networked EV charging services. It offers over 30,000 charging ports in more than a dozen countries. Blink Charging released fourth-quarter 2021 results on March 10. Revenue increased 224% year-over-year (YOY) to a record $7.95 million. Net loss widened to $19 million, or 45 cents per share, compared to $7.9 million in the prior-year quarter. Cash and equivalents ended the period at $175 million. Management attributes its impressive top-line growth to increasing brand recognition for its EV charging technology. Blink sold 3,733 charging stations during the quarter, representing a 253% YOY increase. In addition, services revenue increased 471% YOY. Management continues to grow its charger network with new partners and overseas expansion as well. As with most long-term growth stories, Blink is a volatile stock. It's down almost 40% over the past year. Shares are trading at 54.7 times trailing sales. The 12-month median price forecast for Blink stock is $29.50. 2) Brookfield Renewable Partners (NYSE:BEP) … operates one of the world's largest pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind and solar energy, plus storage facilities. Brookfield released Q4 2021 results on Feb. 4. Revenue increased 15% YOY to $1.1 billion. Funds from operations (FFO) increased 6.5% YOY to $214 million, generating a record FFO per unit of 33 cents. Cash and equivalents ended the period at $764 million. The company ended 2021 with an operational capacity of 21 gigawatts. In addition, it has an enormous development pipeline of 62 gigawatts. Hydroelectric power accounts for more than half of its revenue. Meanwhile, solar and wind power are expected see further growth in the coming years. Brookfield Renewable Partners stock currently offers a generous 3.1% dividend yield. Management targets sustained 12% to 15% returns annually, as well as a yearly distribution growth of 5% to 9%. This renewable energy stock is up nearly 14% so far in 2022. Shares are trading at 2.7 times trailing sales. Meanwhile, the 12-month median price forecast for (this) stock stands at $68. 3) Clearway Energy (NYSE:CWEN) … operates renewable and conventional energy assets. The group generates revenue from sales to local utilities under long-term, fixed-price agreements. Clearway released Q4 2021 results on Feb. 28. Net loss came in at $56 million, down from $73 million a year ago. Cash and equivalents ended the period at $654 million. The alternative energy name has the opportunity to develop 19.1 gigawatts of renewable energy projects through 2025. Clearway invested $820 million to expand its portfolio last year. Meanwhile, management is selling the thermal business for $1.9 billion, resulting in cash proceeds of $1.3 billion. Clearway stock currently generates an attractive 3.8% dividend yield, perfect for investors looking for passive income. Management targets annual dividend growth of 5% to 8% through 2026. The alternative energy stock has returned 27% over the past year. Shares are trading at 38.3 times forward earnings and 3.4 times trailing sales. Finally, the 12-month median price forecast for Clearway stock is at $39.50.” End quotes. ------------------------------------------------------------- 2. Buy These ESG Stocks, Say Analysts The next article by Danny Vena is titled My 3 Best Stock Split Growth Stocks to Buy Now and Hold Forever. It's found on fool.com. Here are Mr. Venna's picks and edited comments on each one. “1) Nvidia (NVDA) After a 14-year hiatus and more than 2,000% stock price gains, Nvidia surprised investors on July 19, 2021, with a four-for-one stock split. Since then, even in the face of the recent market correction, shares of the semiconductor giant have still gained 49% since the split. What's driving those gains? Demand for the company's graphics processing units (GPUs) used by gamers continues to increase, as Nvidia now controls 83% of the discrete desktop GPU market. Beyond gaming, Nvidia chips are the processor of choice in cloud computing and data center operations, which are accelerating as a result of the digital transformation. At its GTC Conference held just last week, the company added CPUs to its arsenal in a further push into data center servers. Its strategy is bearing fruit. In the fourth quarter, Nvidia reported record revenue in three of its four major operating segments, resulting in revenue that grew 53% year over year. This was driven by gaming revenue that climbed 37%, data center revenue that surged 71%, and professional visualization revenue that soared 109%.  The company is also well positioned to power the metaverse and the continuing quest toward self-driving cars with its state-of-the-art processors. Furthermore, Nvidia's record revenue of $26.9 billion last year pales in comparison to the company's total addressable market (TAM), which is expected to top out at a staggering $250 billion by 2023.  2) Alphabet (GOOGL) It's been nearly eight years since Alphabet last split its shares, but the company broke that streak in early February when it revealed plans for a historic 20-for-1 stock split, scheduled to take place in July. Since its last split on March 27, 2014, Alphabet shares gained a whopping 410%. Google's search dominance has helped fuel those gains, with roughly 92% of the worldwide search engine market. This has helped cement the company's market leadership in digital advertising, collecting an estimated 29% of worldwide digital ad spending. Then there's Google Cloud, the third-largest provider of cloud services, with an estimated 9% of the market and growing more quickly than its top competitors.  Alphabet's triple threat has fueled impressive financial results. Q4 revenue climbed 32% year over year, while operating margins marched higher, pushing net income up 38%. That's impressive growth for the fourth-largest company in the world, with a market cap of $1.87 trillion. Its growth is far from over, fueled by strong secular trends. Digital ad spending is expected to climb to $873 billion by 2024, while estimates for the global cloud computing market clock in at $482 billion. Alphabet's revenue of $257 billion last year still leaves plenty of room for future upside and additional market share gains. 3) Amazon (AMZN) From little acorns grow mighty oaks, and from humble online bookstores, mighty e-commerce titans evolve. At least, that was the case with Amazon. And in terms of stock splits, the online retailer has gone the longest since its last pared its shares in the dot-com era, circa 1999. Since then, however, shares have skyrocketed 5,490%, leading to current plans for a 20-for-1 stock split. Amazon is the undisputed leader in e-commerce. While estimates vary, the company controlled roughly 40% of online sales in the U.S. last year, with an industry-leading 8% of global digital retail in 2020.  Furthermore, Amazon dominates the area of cloud computing, a space it pioneered. During Q4 2021, Amazon Web Services (AWS) boasted a 33% share of the cloud infrastructure services market, controlling more than No. 2 Microsoft (MSFT) and No. 3 Google Cloud combined. I'd be remiss if I didn't mention that Amazon has quickly become a force in the digital advertising market. While the company only began to break out its results in Q4, Amazon's ads generated more than $31 billion in 2021, up 63%, and giving it the third-largest share of global digital ad spending, behind Alphabet and Meta Platforms (FB).  This trifecta of businesses drove solid results for Amazon last year, with net sales that climbed 22% while net income climbed 57%.  Yet, there are worlds left to conquer. Global e-commerce alone is worth $5.55 trillion, while cloud computing and digital advertising represent $482 billion and $873 billion, respectively. When viewed in the context of Amazon's net sales of $470 billion last year, there's a long runway for growth ahead.” End quotes. ------------------------------------------------------------- The iShares ESG Aware MSCI USA ETF: Key Themes Now Michael A. Gayed, CFA has posted an article on seekingalpha.com focusing on one of the leading US ESG ETFs. The article's titled iShares ESG Aware MSCI USA ETF: Key Themes. Here are some quotes of his from the article. “Summary iShares ESG Aware MSCI USA ETF is one of the most popular names in the ESG space and its AUM has grown at a rapid pace since its inception. It could be one of the key beneficiaries of the expected $30 trillion worth of intergenerational inheritance transfer from baby boomers to the millennials. (It's) valuations are pricey and it is dominated by tech names where the outlook looks mixed. The iShares ESG Aware MSCI USA ETF (NASDAQ:ESGU) is a $25bn sized product covering large and mid-cap US stocks with favorable ESG ratings. Companies involved in the business of tobacco, defense, and fossil fuels are excluded whilst companies involved in ‘very severe business controversies' (as determined by MSCI) too are excluded… Note that since its inception in late 2016, iShares ESG Aware MSCI USA ETF AUM has expanded by 3.5x the level of the SPY which tracks the broader market… and its popularity is reflected in its valuations which are still quite cheap. Currently this ETF trades at 22 P/E and the income component too is fairly underwhelming at around 1.16%. Also, note that tech stocks dominate (its) portfolio accounting for 27% of the holdings; as noted in The Lead-Lag Report, this sector has seen a slight bounce off late on account of the Russian-Ukraine conflict and cyber attacks but it may struggle to deliver outsized gains as the Fed continues to pivot to a hawkish environment.” End quotes. ------------------------------------------------------------- Articles for the UK Investor 1) Title These are the best ESG brokers for sustainable investing in 2022, new research reveals - London Business News. By LLB Finance Reporter. 2) Title Five ethical ISA options to invest in this year - AltFi.com. By Liza Tetley. ------------------------------------------------------------- Ending Comment Well, these are my top news stories with their stock and fund tips -- for this podcast: “Buy These ESG Stocks, Say Analysts.” To get all the links, stock symbols, or to read the transcript of this podcast -- and more -- go to investingforthesoul.com/podcasts and scroll down to this episode. Also, be sure to click the like and subscribe buttons in Apple Podcasts, Google Podcasts, or wherever you download or listen to this podcast. And please click the share buttons to share this podcast with your friends and family. Let's promote ethical and sustainable investing as a force for hope in these deeply troubled times! Contact me if you have any questions. Thank you for listening. Talk to you next on April 22. Bye for now. © 2022 Ron Robins, Investing for the Soul

March 29th 2022 *I do not own any of the copyrights to this recording. All original authors/recorders reserve the rights to this episode. I'm using this purely for my own personal use.

Michael A. Gayed is Portfolio Manager of the ATAC Fund Family at Toroso Investments, an investment management company specializing in ETF focused research, investment strategies and services designed for financial advisors, RIAs, family offices and investment managers.  He is the author of five award-winning research papers on market anomalies and investing. Michael has been interviewed on CNBC, Bloomberg, and Fox Business, as well as the Wall Street Journal Live for his unique approach to interpreting market movements.  In this episode of How To Trade It, Micahel unpacks what risk is and isn't.  It might not be what you think. You don't want to miss it!Subscribe to How To Trade ItYou'll want to hear this episode if you are interested in…[00:47] Michael's Twitter engagements[02:54] Having “Risk-on, Risk-Off” defined[13:13] Going where probabilities are highest[20:45] What Michael has to say about humility[22:30] Discussing the Inflation/Deflation meme[27:28] The big 3 indicators that a change is coming[31:39] Michael's main objectiveWhen traditional media outlets talk about risk-on, they are generally speaking about direction.  For example, if the market is positive, they say it's a strong risk-on day.  For Michael, RORO isn't about direction at all. Instead, it's about conditions that favor an “accident” in the market.  Michael believes there are certain relationships which have commonality, in terms of interest rate sensitivity, that tend to get ahead of major black swan events.There are three indicators that Michael looks for ahead of crashes, corrections, and bear markets. First, utilities relative to the stock market.  If utilities outperform the stock market, on a short-term basis, generally you see a rise in volatility.  Next, lumber relative to gold.  When lumber is weak relative to gold, you tend to see higher volatility.  And third, long-duration treasuries relative to intermediate. Ultimately, these three indicators are all about interest rates.   Connect with Michael A. GayedWebsite:       http://www.leadlagreport.comTwitter:         http://www.twitter.com/leadlagreportFacebook:   http://www.facebook.com/leadlagreport  LinkedIn:      http://www.linkedin.com/in/michael-a-gayed-cfa/Subscribe to How To Trade ItDisclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Support the show (https://caseystubbs.com)

Guy LeBlanc highlights tweets from Zach Morris, Michael A Gayed, Pomp, Mark Minervini, Jeremy Day, BahamaBen and more….

In this episode, Michael A. Gayed joins us to discuss markets, the lumber to gold ratio, crypto, the market bubble and more!Twitter: @leadlagreport and @mbitpodcastDisclaimer: The MBIT podcast is reflecting the opinion of only the host. The podcast is for informational purposes only. The podcast is not a research report and is not a recommendation to purchase or sell any stocks, holdings or securities. The podcast is also not meant to serve as the basis of any investment decision

Episode 204: Portfolio Manager Michael Gayed discusses leading signals, tactical investment strategies, and the importance of effective diversification.  Guest Biography Michael A. Gayed is Portfolio Manager at Toroso Investments, an investment management company specializing in ETF focused research, investment strategies and services designed for financial advisors, RIAs, family offices and investment managers. Prior to Toroso Investments, Michael was the Co-Portfolio Manager and Chief Investment Strategist at Pension Partners, LLC, an investment advisor managing mutual funds and separate accounts. He is the author of five award-winning research papers on market anomalies and investing. Michael was an active contributor to MarketWatch for a number of years and has been interviewed on CNBC, Bloomberg, and Fox Business, as well as the Wall Street Journal Live for his unique approach to interpreting market movements. Michael earned his Bachelor of Science degree with a double major in Finance & Management at NYU Stern School of Business. Michael became a CFA Charterholder in 2008. In this episode, you'll learn: How Michael developed his process driven investment approach Why rejection hurts The benefits of Allocating to different asset classes like stocks, bonds, and even cryptocurrencies. Show notes: http://www.inspiredmoney.fm/204 Find more from our guest: www.leadlagreport.com www.atacfunds.com LinkedIn Books: Intermarket Analysis and Investing: Integrating Economic, Fundamental, and Technical by Michael E.S. Gayed Money Tip of the Week Tips for resisting keeping up with the Joneses. Thanks for Listening! To share your thoughts: Leave a note in the comment section below. Share this show on Twitter or Facebook. Join us at the Inspired Money Makers groups at facebook and LinkedIn To help out the show: Leave an honest review on Apple Podcasts, Podchaser.com, or wherever you listen. Your ratings and reviews really help, and I read each one. Subscribe on Apple Podcasts. Special thanks to Jim Kimo West for the music.

Michael A. Gayed, CFA, is Portfolio Manager at Toroso Asset Management, an award-winning author and publisher of The Lead-Lag Report.Topics discussed in this conversation include the current market environment, inflation, portfolio protection, leverage and black swan events.

Tom welcomes returning guest Michael Gayed, Portfolio Manager at Toroso Asset Management, to the show. Michael is the author and publisher of the Lead-Lag Report. Michael notes that this year has been remarkable in many ways. Treasury yields since March have been grinding lower, which indicates a risk-off market. Likewise, lumber to gold has tanked. However, utilities have been underperforming, which is concerning. All of these crashes are occurring in the context of trillions in stimulus. Small caps have underperformed along with emerging markets since February. However, the S&P continues to grind higher. What if the Fed is correct about inflation being transitory? That could suggest a big downside surprise as all of the ordinarily tight correlations seem to be breaking. We are seeing price inflation but not wage inflation. If inflation is transitory despite such a massive surge in money supply, that will raise concerns about the Fed's ability to influence the market. Does the Fed still have control, or are they trying to push on a string? Bond market credit spreads are beginning to widen and blow out, which could indicate higher default risks. However, the prevailing narrative may be wrong, and we could be in for a surprise. There are unintended consequences to a world awash in money. The dovishness of the Fed is likely to promote complacency and exacerbate risk-taking. Gold tends to have a low correlation to most assets, and currently, gold hasn't responded. There could easily be a rather sudden adjustment up for gold. Volatility is likely to rise, and gold is one thing that many investors move into in a crisis. Cryptocurrencies make sense as a portion of a portfolio, but there is a lot of overconfidence in the space. The one thing that Bitcoin can't fix is human behavior, and we see that with overleverage and exuberance. Unfortunately, this behavior also exists in the equity market, and the first thing that goes away in a unwind or liquidity crisis is the leverage. Michael points out that if everything in your portfolio is making you money, you are almost certainly not adequately diversified. The vast majority of people do not realize the concentration risk they are taking. Therefore, it's essential to take a systematic approach to rebalance your portfolio. Time Stamp References:0:00 - Introduction0:32 - Intermarket Signals4:28 - Correlations9:16 - 'Flation Signals13:46 - Bank Lending17:51 - Gold Rangebound19:32 - Corrections22:20 - Peak Leverage24:50 - Diversification29:53 - Faith & Conviction34:42 - Concluding Thoughts36:26 - Wrap Up Talking Points From This Weeks Episode Market correlations are breaking.Inflation and concerns about the Fed's ability to control markets.Debt and credit and the possibility of black swan eventsExuberance in markets and managing risk in your portfolio. Guest Links:Website: https://www.leadlagreport.com/Website: http://torosoinv.com/Twitter: https://twitter.com/leadlagreport Michael A. Gayed, CFA, is Portfolio Manager at Toroso Asset Management, an award-winning author and publisher of The Lead-Lag Report. Michael is a well-respected results-oriented Investment Manager showcasing 15 years of successfully executing initiatives that result in significant revenue growth. In addition, he is known for identifying and implementing various investment strategies to capture market anomalies while maintaining a business mindset beyond portfolio management. Michael offers a proven track record of evaluating business/investment opportunities, quickly understanding market dynamics and relationships. He is also an out-of-the-box thinker committed to strengthening organizations' financial performance through dedicated hard work and a passion for investing. He is a graduate of (Cum Laude) NYU Stern School of Business with a Double Major in Finance & Management and has a Bachelor of Science in Finance & Management. In addition,

Today I am reacting to the lead lag report paper written by Michael A. Gayed, about the linkage between lumber and gold and when to get aggressive vs defensive with your portfolio. This paper was written in 2015 and updated in 2020. It was also the 2015 NAAIM Founders Award Winner I think there are some great insights in this paper, and something can be learned from the perspective of the retail investor. High level, the paper says when gold is outperforming lumber we get defensive, and when lumber is outperforming gold we get aggressive. I cover the key points made by the paper, then discuss how the information could be used for a retail investment portfolio, and how it can help shape your investment and savings patterns. This is for educational purposes only. Not investment advice.

Tom welcomes returning guest Michael Gayed, Portfolio Manager at Toroso Asset Management, to the show. Michael is the author and publisher of the Lead-Lag Report. He explains what most investors mean when they discuss risk on or off markets. There are historical leading indicators and his whitepapers help investors understand where volatility will occur. Everything is a leading indicator in some form and interest rates drive the entire captital system. It really is indicative of either inflation or deflation. He watches the behavior of utilities and treasauries to determine market conditions. They evaluate the signals every week and adjust their weighting and they were able to avoid declines in March 2020. They were able to take advantage of their system to get outsized returns during that period. Utilites are a very unique sector because its both highly regulated and they are often very highly levered companies. This results in utilities being highly sensitive to changes in performance. They will outperform often because everything else is doing poorly. There has been a big move toward from growth to value stocks and materials. Utilities may be beginning to bottom out and lumber may have topped out. If lumber begins weakening housing may weaken and demand may be dropping. Many people believe stimulus will continue the melt up but often the market does the opposite of what the crowd believes. There could be some sort of counter-rally that will surprise a lot of people. If we have inflation without inflation coming to wages then we will have more unrest and market uncertainty. There is very real dangers to the system considering the wage gaps. Gold from a strategic perspective makes sense since diversification in this environment is very hard to achieve. Gold may be better than bonds and this explains part of the demand for gold and crypto. Copper is about industrial demand and infrastructure. He expects to see continued upward pressure on copper and it seems like the cure for copper is higher prices. He discusses yields and credit spreads and what to watch for in the treasury markets. The Fed doesn't want rates to rise too quickly or we risk widespread debt issues. Michael argues that the most sensable thing they could do is to hike rates. Controlling yields have all sorts of negative implications. He argues that rampant money printing and excess debt by the Fed is enriching the wealthy and bringing out the worst in humanity. The very fabric of society is becoming at risk. Time Stamp References:0:00 - Introduction0:32 - Risk On/Off Strategies2:53 - Mutual Funds & Money Demand5:40 - Utility Sector Sensitivity7:46 - Current Market Indications10:16 - A Deflationary Trade12:22 - Inflation & CPI Metrics14:23 - Hedging With Gold15:55 - Copper & Commodities17:07 - Yields & Credit Spreads19:34 - Fed & Rising Rates22:47 - Banks & Lending24:15 - Australia & YCC25:30 - Convertible Bonds26:49 - 1.9 Trillion Stimulus30:29 - Unintended Consequences|]34:42 - Scarcity & Liquidity39:48 - Stores of Value41:52 - Concluding Thoughts Talking Points From This Weeks Episode Risk in markets and volatility.Utilities and Treasuries as indicators.Gold and actual diversificationFed actions yields and credit spreads. Guest Links:Website: https://www.leadlagreport.com/Website: http://torosoinv.com/Twitter: https://twitter.com/leadlagreport Michael A. Gayed, CFA is Portfolio Manager at Toroso Asset Management, an award winning author and publisher of The Lead-Lag Report. Michael is respected as an award-winning, results-oriented Investment Manager showcasing 15 years of successfully executing initiatives that result in significant revenue growth. He is known for identifying and implementing various investment strategies to capture market anomalies while maintaining a business mindset beyond portfolio management. Michael offers a proven track record of evaluating business/investment opportunities,

America can’t get enough of the GameStop story that shook up Wall Street. But what are the real implications of the merry band of Redditors that duped the hedge fund billionaires? And most crucially, what does it mean for everyday American investors? Michael A. Gayed (Chief Investment Strategist at Pension Partners) illuminates how the real villain in this story is the FED and the ever-widening wealth gap in our country. The original Wolf of Wall Street, Jordan Belfort, shares the dark secrets of short-selling and the crisis of conscience America is undergoing. For more from Trish Regan, follow her on Twitter @Trish_Regan & visit AmericanConsequences.com.

Michael A. Gayed is Portfolio Manager at Toroso Investments, a company with $5 billion AUM. Michael manages the ATAC Rotation fund, which has returned roughly 50% this year, an extremely impressive result amid unprecedented market volatility.Michael is also the co-author of four award-winning research papers on market anomalies & investing, an active contributor to MarketWatch & Seeking Alpha, and has been interviewed on CNBC, Bloomberg, and the Wall Street Journal Live. Michael has a truly unique approach to interpreting market movements, which is chronicled in his daily output on the critically acclaimed Lead-Lag Report. It is Michael's tactical, risk-on/risk-off strategy that we focus on during the interview – It's not one to miss!Check out the Lead-Lag Report:https://www.leadlagreport.com/ Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter 

Tom welcomes returning guest Michael Gayed, Portfolio Manager at Toroso Asset Management, to the show. Michael is the author and publisher of the Lead-Lag Report. Michael discusses the differences between volatility and risk. Risk comes when you might have a permanent loss of capital, while volatility can usually be overcome with patience. It's essential to identify the weather that is coming in markets. Conditions are always changing, and you need to be aware of the trends. Michael feels we are heading toward a storm. The Fed has broken the bond market when they choose to buy up assets. Stocks and bonds may no longer be sufficient to diversify your portfolio. Fed policies have enabled prolific spending and an ever-increasing wealth gap. The argument today is that debt doesn't matter, but that will have unintended consequences. Today, there is a large degree of complacency surrounding the risks. European financials are looking horrendous. Lumber may be a warning sign of a weakening economy. The Fed has stated they will do whatever it takes to keep the equity markets propped up. Faith in the Fed will burst at some point, but that bubble will likely last for a while longer. More money is flowing into hedging assets like gold. Further weakness in commodities like oil, lumber, and energy could sign a coming storm for the global economy. He says, "Risk is always where you don't see it." Time Stamp References:0:00 - Introduction0:40 - Risk versus volatility.2:30 - Treasury markets.3:40 - Bonds and diversifying.4:50 - Money velocity, deflation vs inflation.6:40 - What inflation means to the Fed.7:40 - When will Faith in central banks fail.9:25 - Elections and possible risks.11:30 - Signals before the February crash.13:20 - Second guess "Don't fight the Fed"14:20 - Gold correlation to equities.15:30 - Inflation scenarios and gold.17:55 - Other precious metals.19:10 - Dividend yielding stocks in your portfolio. Talking Points From This Weeks Episode Differences between volatility and risk.The Fed, bonds, rates, excess debt, and consequences.Difficulty in increasing money velocity.Investor complacency around risk.Commodities and correlations. Guest Links:Website: https://www.leadlagreport.com/Website: http://torosoinv.com/Twitter: https://twitter.com/leadlagreport Michael A. Gayed, CFA is Portfolio Manager at Toroso Asset Management, an award winning author and publisher of The Lead-Lag Report. Michael is respected as an award-winning, results-oriented Investment Manager showcasing 15 years of successfully executing initiatives that result in significant revenue growth. He is known for identifying and implementing various investment strategies to capture market anomalies while maintaining a business mindset beyond portfolio management. Michael offers a proven track record of evaluating business/investment opportunities, quickly understanding market dynamics and relationships that few tend to focus on. He is also an out-of-the-box thinker committed to strengthening organizations' financial performance through dedicated hard work and a passion for investing. He is a graduate of (Cum Laude) NYU Stern School of Business with a Double Major in Finance & Management and has a Bachelor of Science in Finance & Management. He is a Chartered Financial Analyst from the CFA Institute.