Page 6 - Michael Gayed News Today

In times like these, investors can limit portfolio drawdowns by diversifying with fixed income exchange traded funds. While the equity markets pulled back, investors turned to safe havens, purchasing bonds and pulling yields on Treasuries down. Economic reports have reflected an economy that is recovering from the coronavirus pandemic, but traders have been betting on even more aggressive growth. However, Michael Gayed, a portfolio manager and author of the Lead-Lag Report newsletter, warned th...

Provided by Dow Jones By Joe Wallace and Paul Vigna U.S. stocks fell Wednesday alongside commodities, overseas shares and bitcoin as investors appetite for risk diminished. The Dow Jones Industrial Average declined as much as 587 points in morning trading, before paring its losses to about 163 points, while other markets steadied as well. Investors continue to fret about whether the quickening pace of inflation will prompt the Federal Reserve to taper its bo...

Provided by Dow Jones By Joe Wallace U.S. stocks dropped alongside commodities, overseas shares and bitcoin on Wednesday as investors risk appetite diminished. The Dow Jones Industrial Average fell 445 points, or 1.3%, and the S&P 500 dropped 1.2%, putting the major indexes on track to extend losses. The Nasdaq Composite lost 0.9%, with the biggest tech stocks, Apple, Amazon, Microsoft and Alphabet, all down in morning trading. Investors sought havens, buyin...

Provided by Dow Jones By Joe Wallace and Paul Vigna U.S. stocks dropped Wednesday alongside commodities, overseas shares and bitcoin as investors appetite for risk diminished. The Dow Jones Industrial Average declined as much as 587 points in morning trading, before paring its losses to about 200 points, while other markets steadied as well. Investors continue to fret about whether the quickening pace of inflation will prompt the Federal Reserve to taper its...

America is in a lumber frenzy, and its not abating anytime soon.  Even though prices fell for six straight days in mid-May, Markets Insiders Will Daniel reported they were still up more than 85% year-to-date and 280% in the last 12 months. The lumber industry is struggling to ramp up supply as exploding demand is clashing with limited production, resulting in high price tags and an overall shortage.  The thing is, you need lumber to build new houses, and Americans really want new houses right...

Michael Gayed manages the ATAC US Rotation ETF and ATAC Rotation Fund. His ETF rotates around risk-on and risk-off assets based on the price of lumber relative to gold. He says the lumber-price surge is ominous and offers advice on how investors can protect themselves. The price of lumber has quadrupled from a year ago. Or, in the words of the investor Michael Gayed, "its gone the way of bitcoin." Indeed, as May and July lumber futures on the Chicago Mercantile Exchange reached a record high ab...