Navigate the perplexing currents of today's investment landscape with us, Michael Gayed and expert analyst Sam Burns from Mill Street Research, as we dissect the S&P's dominance and the challenges of traditional diversification. Gain valuable insight into the shifting sands of asset allocation, where the once-reliable tactics now stumble in the face of large-cap earnings surprises and the creeping dread of 'zombie companies' amidst rising interest rates. Our conversation spans from the...

Embark on a journey through the evolving world of finance with none other than Caleb Silver, the Editor-in-Chief of Investopedia, as your guide. You're in for an enlightening conversation that traverses Caleb’s illustrious career from Bloomberg to CNN, and his passionate advocacy for financial literacy. We tackle how the fast-paced nature of today's media impacts the integrity of business journalism and the challenges of sifting through vast data to uncover the genuine economic narratives. By...

Unlock the secrets behind the ever-evolving world of retail investing with our special guest, Stephen Sikes, COO at Public. This episode promises a journey into the heart of modern market dynamics, where we shatter the myth of the "dumb money" investor and introduce you to the savvy, diverse profiles making their mark on the financial landscape. Stephen brings his seasoned expertise to the table, revealing how Public has opened doors for an influx of younger investors since 2018, and...

Unlock the mystery behind the surging gold prices as I, Michael Gayed, sit down with the esteemed Alasdair Macleod. With his unparalleled experience spanning the financial spectrum, Alasdair sheds light on the intricate dance between currency value and gold—a beacon of stability in an unpredictable economic seascape. Our discourse journeys through the global lens, where gold is not merely a commodity but the bedrock of wealth, and we dissect the possibility that rising gold prices may signal...

Prepare to have your perspectives on asset management and digital assets revolutionized as we're joined by the astute James Sayffart from Bloomberg Intelligence. Together, we navigate the complex terrain of the mutual fund and ETF industry, with an intriguing focus on the burgeoning world of Bitcoin ETFs. Our discussion is not just timely—given the legal entanglements like the Grayscale court case—it's crucial for anyone seeking to understand the implications of ETFs as both trading...

Embark on a thrilling exploration of the financial world's ebbs and flows with Michael Howell, a luminary in the realm of global liquidity. Prepare to dissect the monumental role liquidity shifts play in the markets, the intriguing monetary dances of central banks, and the subtle maneuvers that have the power to send shockwaves through your personal finances. From the Federal Reserve's ledger balancing acts to China's post-festive resurgence, Howell and I lay out how financial titans'...

Unlock the secrets to financial sovereignty with Lisa Hough, a beacon in the realm of Bitcoin and personal empowerment. As a colleague of Caitlin Long at Custodia, Lisa brings her wealth of experience from the trenches of energy trading and a firm belief in the revolutionary potential of self-custody. This episode is not just a journey through Lisa's impressive career from Unchained Capital to Salomon Brothers and Enron, but a masterclass in harnessing the volatility of the energy sector for...

Join the conversation with the acclaimed Hal Brands, historian and strategist, as we navigate through the labyrinth of geopolitical shifts that are forging new narratives in world affairs. Our engaging dialogue traverses the precipice of global economic uncertainty, sparked by events such as the COVID-19 pandemic, the conflict in Ukraine, and the simmering tensions across the Middle East. Brands' expertise shines as he dissects the concept of mutually assured economic destruction,...

Unlock the secrets of macro trading with trading maestro Jonathan Matthews, as he shares the wisdom gleaned from his illustrious career at Brevin Howard. I'm your host, Michael Gayed, Publisher of The Lead-Lag Report, and in this episode, we delve into Jonathan's transition from handling equity derivatives and FX to revolutionizing the way retail subscribers view the markets with his 'Super Macro' analysis. Our exchange is sprinkled with tales of volatility and the rare, golden moments that...

Unlock the secrets of the energy market with the astute insight of Amena Bakr from Energy Intelligence Group. Our conversation journeys through Amena's transition from a journalism background into becoming a vital voice on energy trends, focusing on the delicate interplay of oil prices and Gulf economies. We dissect the roadmap these nations traverse, balancing economic diversification with maintaining oil prices that fuel their development ambitions while steering clear of demand...

Unlock the secrets of weathering financial storms with PNC's Chief Investment Officer, Amanda Agati, as she delivers an enlightening perspective on investment strategies for the modern market. In our enthralling conversation, Amanda dissects the complexities of post-pandemic finance, where old certainties have crumbled, and the wisdom of maintaining diversified portfolios has never been more critical. From the poetic market sentiment echoed by the Rolling Stones to the perplexing behavior of...

Embark on a journey to the heart of systematic investment strategies with Dan Russo, Portfolio Manager at Potomac Fund Management. This episode promises to elevate your understanding of professional money management, as Dan recounts his evolution from the dynamic NYSE floor to masterfully employing technical analysis and a disciplined, rules-based investment approach. Our conversation cuts through the noise of financial folklore, showcasing how to test and quantify the predictive power of...

Every so often, we encounter stories that starkly remind us of the incredible resilience of the human spirit. This episode features an extraordinary individual whose journey from the depths of domestic violence and crime to the peaks of entrepreneurship and philanthropy embodies this resilience. Our guest's candid revelation of his transformative life story, spurred by pivotal mentorships and a relentless pursuit of self-improvement, will undeniably inspire you. He discusses the power of...

Discover the underlying currents of monetary policy with Ira Jersey, Bloomberg Intelligence's lead US interest rate strategist, as we explore the Federal Reserve's communication intricacies and the recent dovish signals that have left the markets buzzing. With a seasoned eye, Ira dissects the balancing act the Fed performs while steering the economy, providing an expert's take on how their guidance, or lack thereof, sends ripples through the interest rates and risk assets. Expect a deep dive...

Prepare to navigate the treacherous currents of the fixed income market as I, Michael Gayed, along with the astute Althea Spinozzi from Saxo Bank, impart pivotal insights into a decade of fixed income strife and strategies. Our latest Lead-Lag Live voyage casts a spotlight on the inflationary tumult and investor risk perceptions that have molded the financial seascape, with Althea expertly dissecting the ebbs and flows from the European debt crisis to today's volatile treasuries. Catch the...

Embark with me, Michael Gayed, as we navigate the ever-shifting terrain of financial advising, featuring the remarkable insights of Kurt Altrichter, the mind behind Ivory Hill. As the financial markets oscillate with the uncertainty of our times, Kurt's leap from a conventional wirehouse broker-dealer to the helm of his own firm during a pandemic is nothing short of inspiring. Together, we unravel the tapestry of today's investment challenges, discussing the nuances of asset allocation in an...

Unlock the mysteries of the Nordic equity markets with insight from David Bagge, a distinguished stockbroker and head of a single-family office. In our thorough exploration, we dissect Sweden's OMX S30 index, shining a spotlight on its leading sectors, banking, and industrials. You'll see how currency strength, particularly the Swedish krona, is affecting powerhouse exporters like Volvo and Atlas Copco. Experience a rare look into the curious case of macroeconomic indicators diverging from...

When philosophy meets the stock market, you get the insightful musings of Mark Ritchie II, a trader whose lineage and passion for strategy games have deeply entrenched him in the unpredictable world of trading. Our conversation meanders through his family's storied history in the markets, the philosophical underpinnings that guide his approach, and how a life of evaluating odds has equipped him for the rollercoaster ride of risk management. Ritchie's narrative is a fascinating tapestry of...

Have you braced yourself for the economic tempest on the horizon? Tuomas Malinen joins us to share his contrarian forecasting methods and discusses why preparing for the grimmest scenarios could be crucial for survival in today's volatile market landscape. We delve into the paradoxes of global liquidity, where central banks are fueling markets while preaching monetary tightening, and what this means for your investments. This episode is a deep dive into the ripples caused by central bank...

Discover the invisible forces shaping our dinner plates as Josh Linville from StoneX unveils the high-stakes world of the global fertilizer market. Our latest episode takes you on a journey through the geopolitical chessboard, where the moves of countries like the Middle East, Russia, and China dictate the flow of nutrients that power agriculture worldwide. As we navigate the turbulent waters of trade disruptions and regional conflicts, Josh dissects how these events ripple through food...

Unlock the mysteries of the housing market with Eric Finnigan, our esteemed guest and VP of Research at John Burns Research and Consulting. This episode peels back the layers of how immigration, the “lock-in” effect, and our shifting work culture are reshaping where we live and invest. Eric, a seasoned expert who's weathered the storm since the 2007 financial crisis, breaks down the economic tango between homeowner decisions and market fluctuations. Engage with us as we parse through the...

Unlock the secrets of savvy investing and retirement planning with Morningstar's Christine Benz, a distinguished figure with over three decades of financial acumen. Our conversation peels back the layers of Morningstar's analytical evolution, revealing the shift from a retrospective star rating to a predictive medallist rating system. Christine's insights into the pitfalls of chasing high-performing funds and the necessity of a shrewd rebalancing strategy are like a beacon for investors...

Unlock the secrets to investment success with Jonathan Wellum, a titan in the realm of value investing, who grew a mutual fund company to an impressive $15 billion in assets. In our latest episode, you're invited to sit at the roundtable with Michael Michael Gayed and Jonathan as we dissect the disciplined evaluation of companies, emphasizing the significance of free cash flow and present value analysis. Find out why adjusting your investment models to fit seductively low interest rates can...

Get ready to unlock the secrets of real estate investment in a market that's been through a seismic shift since the financial crisis. Joining me, Michael Gayed, is the astute investor and content creator Nick Halaris, who left his mark in law and consulting to conquer the property investment world. Our conversation navigates through the treacherous waters of macroeconomic changes and the tidal wave of institutional investment that has rewritten the playbook for housing markets, both...