Growth
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Michael A. Gayed, CFA
CFA charterholder. Founder of Lead-Lag Media. Publisher of The Lead-Lag Report. 5x Dow & NAAIM Founders Award winner for research on intermarket signals.
Macro Observations
The Duration Ambush
Why long rates may not follow the Fed lower this time. Term-premium repricing, bill-heavy issuance, and volatile foreign demand — the exposures the consensus is quietly mispricing.
GraniteShares
Today at 1 PM ET: Autocallable Income Strategies — Live with GraniteShares
Free 60-minute live webinar today at 1 PM ET with Matt Lamb, CAIA of GraniteShares — autocallable income strategies, YieldBOOST lineup, live Q&A. Register free.
High-Yield-Spotlight
The Short-Vol Edge: How Simplify's SVOL Harvests the Market's Most Persistent Premium
Today’s Lead-Lag Report post is sponsored by TappAlpha Income while staying fully invested in equities. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Investors have always had to choose: generate income or stay fully invested. TSPY
High-Yield-Spotlight
The 6.4% Question: What You Give Up for a Preferred Yield
Today’s Lead-Lag Report post is sponsored by TappAlpha Income while staying fully invested in equities. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Investors have always had to choose: generate income or stay fully invested. TSPY
High-Yield-Spotlight
The Top of the Waterfall
Today’s Lead-Lag Report post is sponsored by TappAlpha Income while staying fully invested in equities. TappAlpha S&P 500 Growth & Daily Income ETF (TSPY). TappAlpha Innovation 100 Growth & Daily Income ETF (TDAQ). Investors have always had to choose: generate income or stay fully invested. TSPY
Weekly Signals
A Market Divided Against Itself
Signals are split evenly between offense and defense, pointing to a market at an inflection point.
Closing Thoughts
Semis Sank. Banks Blew Out. Iran Got Loud.
When credit refuses to confirm a sell-off and geopolitics refuses to stay in the background, which signal is the market actually telling you to trust?
Macro Observations
The Fed Isn't Data-Dependent. The Fed Is Treasury-Dependent.
Powell isn't waiting on inflation. He's waiting on an issuance machine that cannot survive a front-end cut. The Fed's reaction function has been captured by Treasury issuance mechanics — and the falsification condition is watchable.
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The Reverse Carry Trade That Broke 2008
How the Unwinding of a Trillion-Dollar Yen Position Turned a Subprime Loss Into a Global Crash
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TODAY - The Factor Investing Lie: Why Most Smart Beta Strategies Leak Risk
CE Credit Webinar Tomorrow
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The Pipes That Power AI, Repriced: A Renamed, Restructured Bet on Energy Infrastructure
Kayne Anderson's flagship midstream fund has been rebranded, switched to a monthly and 20% higher distribution, and rallied 39% this year, yet the discount to NAV has widened rather than closed.