Backfilled from Substack Archive
The Fear Gauge Reset — But the Composition Did Not (ATACX)
The headline says calm. The composition says otherwise.
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.
Backfilled from Substack Archive
The Yen at a 52-Week Low and the Setup for a Carry Recompression (JOJO)
FXY closed at 56.95 on July 2 — just 55 cents above its 52-week low of 56.40. The VIX has collapsed. Credit is complacent. The three ingredients of a reverse-carry episode are on the table.
Backfilled from Substack Archive
The Fed Just Told You There Are No Rate Cuts Coming. Here’s How To Build Your Own.
How a Daily 0DTE Covered Call Strategy on the Nasdaq-100 Can Turn a Hawkish Fed and a Tech-Vol Spread Into a Daily Paycheck
Backfilled from Substack Archive
The Dollar's Structural Bid Is Fading
The Index Has Recovered. The Buyers Underneath It Have Not.
Backfilled from Substack Archive
The Warsh Regime Meets Day 130
A Fed that refuses to guide runs headlong into a Hormuz supply shock, and the market must price both at once.
Backfilled from Substack Archive
The Emerging Market Rally Has a Selection Problem
Korea Is Doing the Work. China, India, and Indonesia Are Not Along for the Ride
Backfilled from Substack Archive
What Credit Is Saying That Equity Isn't Hearing
The Headline Spread Looks Calm. The Plumbing Underneath It Does Not.
Backfilled from Substack Archive
The Private Credit Machine Is Cracking Where No One Is Looking
Apollo's Q2 Redemption Requests Nearly Doubled Q1's. The KBRA Default Index Just Matched Its All-Time High. The Reckoning Everyone Called Six Months Ago Is Now Compounding.
Backfilled from Substack Archive
The Quiet Unwind: EEM/XLK/Financials Reclaim Leadership, Defensive Extreme Fades, Fed Watch Looms
EEM/SPY +1.96% Leads; XLV/SPY -1.94% Worst Laggard; No Z-Scores Above |1.0|; JNK/GOVT Narrows +0.17%; FOMC Jul 29
Backfilled from Substack Archive
Jobs Cracked, Yields Climbed, Credit Stayed Calm
What happens when the Fed loses its labor argument but the bond market refuses to celebrate?
Backfilled from Substack Archive
Why I'm Sitting Down With Tuttle, Stansberry, and a Practicing Advisor on July 8
Forty years ago, Harry Browne wrote that an investor should not need to predict the next economic regime in order to survive it.