CFA Speaker Seri: Michael A. Gayed, CFA

michael gayed cfa

Wele to the Lead-Lag Live podst, where we brg you live unscripted nversatns wh thought lears the world of fance, enomics, and vtg. Hosted through Twter Spac by Michael A. Gayed, CFA, Publisher of The Lead-Lag Report (@leadlagreport), each episo div ep to the m…

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THE LEAD-LAG REPORTSUBSCRIBESIGN HOMENOTLEAD-LAG LIVEWEEKLY SIGNALSLEARS-LAGGARDSGLOBAL VIEWHIGH YIELD SPOTLIGHTMACRO OBSERVATNSCLOSG THOUGHTS FOR THE WEEKARCHIVELEARBOARDABOUT{"@NTEXT":","@TYPE":"WEBSE","NAME":"THE LEAD-LAG REPORT","PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","LOGO":{"@TYPE":"IMAGEOBJECT","URL":"},"SAMEAS":["]},"URL":","MAENTYOFPAGE":{"@TYPE":"WEBPAGE","URL":"},"SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","POTENTIALACTN":{"@TYPE":"SEARCHACTN","NAME":"SEARCH THE LEAD-LAG REPORT","TARGET":"SEARCH_TERM_STRG}","QUERY-PUT":"REQUIRED NAME=SEARCH_TERM_STRG"}}THE LATT EVINCE THAT A CRED EVENT IS NEARBANKS, INTERT EXPENSE & WDFALL TAX9 HRS AGO • MICHAEL A. GAYED, CFA27SHARE THIS POSTTHE LATT EVINCE THAT A CRED EVENT IS COPY LKFACEBOOKEMAILNOTOTHERNEWTOPCOMMUNYA HIGH QUALY BOND PORTFOL THAT COULD BE WELL-POSNED FOR A CRED EVENT MAYBEAUG 10 • MICHAEL A. GAYED, CFA29SHARE THIS POSTA HIGH QUALY BOND PORTFOL THAT COULD BE WELL-POSNED FOR A CRED EVENT COPY LKFACEBOOKEMAILNOTOTHERCONDNS ARE DETERRATG AND AT A RAPID PACEAUG 9 • MICHAEL A. GAYED, CFA51SHARE THIS POSTCONDNS ARE DETERRATG COPY LKFACEBOOKEMAILNOTOTHERGET READYTHE OBLIGATORY BOUNCE MAY ALREADY BE OVERAUG 8 • MICHAEL A. GAYED, CFA38SHARE THIS POSTGET COPY LKFACEBOOKEMAILNOTOTHERTHE OBLIGATORY BOUNCEWILL DEFENSIV LEAD?AUG 7 • MICHAEL A. GAYED, CFA37SHARE THIS POSTTHE OBLIGATORY COPY LKFACEBOOKEMAILNOTOTHERVIX SPIKE ING?LISTEN NOW (41 M) | PODST OF THE WEEKAUG 6 • MICHAEL A. GAYED, CFA36SHARE THIS POSTVIX SPIKE ING?COPY LKFACEBOOKEMAILNOTOTHEREVERYTHG JT CHANGEDHAS MOTHRA BEGUN ITS ATTACK?AUG 5 • MICHAEL A. GAYED, CFA41SHARE THIS POSTEVERYTHG JT COPY LKFACEBOOKEMAILNOTOTHERTHE BOJ TIGHTENS. THE U.S. GETS DOWNGRAD. INVTORS SAY “MEH”.THEY REALLY SHOULDN’T.AUG 4 • MICHAEL A. GAYED, CFA36SHARE THIS POSTTHE BOJ TIGHTENS. THE U.S. GETS DOWNGRAD. INVTORS SAY “MEH”.COPY LKFACEBOOKEMAILNOTOTHERSEE ALLTHE LEAD-LAG REPORTDEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. SUBSCRIBETHE LEAD-LAG REPORTSUBSCRIBEABOUTARCHIVEREMENDATNSSEMAPSHARE THIS PUBLITNTHE LEAD-LAG COPY LKFACEBOOKEMAILNOTOTHERTHE LEAD-LAG REPORT

Michael A. Gayed is Portfol Manager at Toroso Invtments, an vtment management pany specializg ETF foced rearch, vtment strategi and * michael gayed cfa *

Gayed is Portfol Manager at Toroso Invtments, an vtment management pany specializg ETF foced rearch, vtment strategi and servic signed for fancial advisors, RIAs, fay offic and vtment managers. Gayed, CFA's Articl | Seekg Alpha. Gayed, CFAP.

Gayed, CFA, Publisher of The Lead-Lag Report (@leadlagreport), each episo div ep to the mds of dtry experts to discs current market trends, vtment strategi, and the global enomic this excg seri, you'll have the rare opportuny to jo Michael A. Gayed as he nnects wh proment thought lears for ptivatg discsns real-time. The Only Bears Left: Michael Gayed, Gareth Soloway, & Jason Shapiro Go Deep.

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"A PRETTY GOOD JAPAN FUND","SCRIPTN":"FIGHTG A CHALLENGG BACKDROP","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-20T13:46:17+00:00","DATEMODIFIED":"2023-07-20T13:46:17+00:00","ISACCSIBLEFORFREE":FALSE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTA PRETTY GOOD JAPAN COPY LKFACEBOOKEMAILNOTOTHERHIGH YIELD SPOTLIGHTA PRETTY GOOD JAPAN FUND

100,000+ subscribers. Developed om award-wng market rearch, The Lead-Lag Report giv you powerful market sights to improve your long-term vtment strategy. Click to read The Lead-Lag Report, by Michael A. Gayed, CFA, a Substack publitn. * michael gayed cfa *

Thank you Michael Gayed!

Michael Gayed | Wealth Management. Michael Gayed. Gayed, CFA, is chief vtment strategist and -portfol manager at Pensn Partners, LLC., an vtment advisor which manag a mutual fund and separate acunts acrdg to s ATAC (Accelerated Time and Capal) strategi foced on flatn rotatn.

Prr to this role, Gayed served as a portfol manager for a large ternatnal vtment group, tradg long/short vtment ias an effort to pture excs returns.

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"TWO MAJOR CATALYSTS","SCRIPTN":"MOMENTUM BUILDS","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-12T17:48:40+00:00","DATEMODIFIED":"2023-07-12T17:48:40+00:00","ISACCSIBLEFORFREE":FALSE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTTWO MAJOR COPY LKFACEBOOKEMAILNOTOTHERGLOBAL VIEWTWO MAJOR CATALYSTS

* michael gayed cfa *

From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered vtment advisory firm that managed equy portfols for large stutnal clients.

Gayed, CFA is Portfol Manager at Toroso Invtments, an vtment management pany specializg ETF foced rearch, vtment strategi and servic signed for fancial advisors, RIAs, fay offic and vtment is the thor of five award-wng rearch papers on market anomali and vtg. More importantly, acrdg to Michael Gayed, CFA, has been the recent divergence between lumber and gold.

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"W AN IPAD PRO 11","SCRIPTN":"EXCLIVE FOR META'S THREADS FOLLOWERS! \UD83C\UDFC6","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-08T17:29:45+00:00","DATEMODIFIED":"2023-07-08T17:29:45+00:00","ISACCSIBLEFORFREE":TE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTW AN IPAD PRO COPY LKFACEBOOKEMAILNOTOTHERW AN IPAD PRO 11

In a recent Twter thread, Gayed argued that market crash and bear markets over the last few s have been preced by weakns lumber relative to gold. Gayed, CFA (@leadlagreport) June 5, 2021.

Acrdg to Gayed, lumber weakns relative to gold praged the 2000-2002 bear market and the 2008 crash. In Gayed’s se, he ns a tactil asset rotatn fund.

So we’re not nvced Gayed’s predictn here will e to pass.

MICHAEL GAYED

SCHOLARSHIPSCHOLARSHIPHOMEABOUT USLEARSHIPPUTTG INVTORS FIRSTCANDIDATWHY CFA CHARTER?CAREER CENTERMEMBERSHIPNEWS & EVENTSANNUAL FOREST DNERUPG EVENTSPAST EVENTSREARCH CHALLENGEWIMCONTACTMORE...USE TAB TO NAVIGATE THROUGH THE MENU EMS.ALL POSTSUPG EVENTSPAST EVENTSSEARCHCFA SPEAKER SERI: MICHAEL A. GAYED, CFA

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"THE SWEET SPOT","SCRIPTN":"UNTIL THE CRED EVENT","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-19T17:09:15+00:00","DATEMODIFIED":"2023-07-19T17:09:15+00:00","ISACCSIBLEFORFREE":FALSE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTTHE SWEET COPY LKFACEBOOKEMAILNOTOTHERGLOBAL VIEWTHE SWEET SPOT

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"A PRETTY GOOD JAPAN FUND","SCRIPTN":"FIGHTG A CHALLENGG BACKDROP","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-20T13:46:17+00:00","DATEMODIFIED":"2023-07-20T13:46:17+00:00","ISACCSIBLEFORFREE":FALSE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTA PRETTY GOOD JAPAN COPY LKFACEBOOKEMAILNOTOTHERHIGH YIELD SPOTLIGHTA PRETTY GOOD JAPAN FUND

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"CAN OVERBOUGHT STAY OVERBOUGHT?","SCRIPTN":"WATCH THE DOLLAR","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-17T14:15:41+00:00","DATEMODIFIED":"2023-07-17T14:15:41+00:00","ISACCSIBLEFORFREE":FALSE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTCAN OVERBOUGHT STAY OVERBOUGHT?COPY LKFACEBOOKEMAILNOTOTHERWEEKLY SIGNALSCAN OVERBOUGHT STAY OVERBOUGHT?

THE LEAD-LAG REPORTSUBSCRIBESIGN {"@NTEXT":","@TYPE":"NEWSARTICLE","URL":","MAENTYOFPAGE":","HEADLE":"THE FIRST RISK-OFF SIGNAL FLIPS","SCRIPTN":"WILL THE RT FOLLOW?","IMAGE":[{"@TYPE":"IMAGEOBJECT","URL":"}],"DATEPUBLISHED":"2023-07-03T13:25:33+00:00","DATEMODIFIED":"2023-07-03T13:25:33+00:00","ISACCSIBLEFORFREE":FALSE,"THOR":[{"@TYPE":"PERSON","NAME":"MICHAEL A. GAYED, CFA","URL":","SCRIPTN":"5X DOW & FOUNRS AWARD WNER. RISK-ON/OFF $RORO ETF, JUNK-ON/OFF $JOJO ETF, & $ATACX MUTUAL FUND PORTFOL MANAGER. PUBLISHER OF THE LEAD-LAG REPORT.","INTIFIER":"ER:17118252","SAMEAS":["],"IMAGE":{"@TYPE":"IMAGEOBJECT","NTENTURL":","THUMBNAILURL":"}}],"PUBLISHER":{"@TYPE":"ORGANIZATN","NAME":"THE LEAD-LAG REPORT","URL":","SCRIPTN":"DEVELOPED OM AWARD-WNG MARKET REARCH, THE LEAD-LAG REPORT GIV YOU POWERFUL MARKET SIGHTS TO IMPROVE YOUR LONG-TERM VTMENT STRATEGY. ","TERACTNSTATISTIC":{"@TYPE":"INTERACTNCOUNTER","NAME":"SUBSCRIBERS","TERACTNTYPE":","ERINTERACTNCOUNT":100000},"INTIFIER":"PUB:1562645","LOGO":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"IMAGE":{"@TYPE":"IMAGEOBJECT","URL":","NTENTURL":","THUMBNAILURL":"},"SAMEAS":["]}}SHARE THIS POSTTHE FIRST RISK-OFF SIGNAL COPY LKFACEBOOKEMAILNOTOTHERWEEKLY SIGNALSTHE FIRST RISK-OFF SIGNAL FLIPS

*BEAR-MAGAZINE.COM* MICHAEL GAYED CFA

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ontend-pencraft-Text-module__weight-normal--s54Wf ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-sendary--WRADg ontend-pencraft-Text-module__ret--dW0zZ ontend-pencraft-Text-module__body4--Pl3xY">Other</div></button></div></div></div></div></div></div></div><div class="post-hear"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt post-label"><a href=" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-14--Ume6q ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-medium--x7khA ontend-pencraft-Text-module__font-meta--U_nxy ontend-pencraft-Text-module__lor-sendary--WRADg ontend-pencraft-Text-module__transform-upperse--IDkUL ontend-pencraft-Text-module__ret--dW0zZ ontend-pencraft-Text-module__meta--jzHdd">Global View</a></div><h1 class="post-tle unpublished">The Sweet Spot</h1><h3 class="subtle">Until The Cred Event</h3><div 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ontend-pencraft-Box-module__flex-gap-8--HFpIK facepile"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-align-center--rSd6h"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-align-center--rSd6h ontend-ponents-Facepile-module__fac--FVkdk ontend-ponents-Facepile-module__size-40--pH6IT"><div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" target="_blank" rel="noopener" class="pencraft ontend-pencraft-Box-module__flexAuto--CnX9I ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt style="z-x: 1;" width="80" class="ontend-ponents-rponsive_img-module__img--Pgjj2 facepile-face ontend-ponents-Facepile-module__face--uAQkp ontend-ponents-Facepile-module__size-40--pH6IT ontend-ponents-Facepile-module__first--TZamh ontend-ponents-Facepile-module__last--DT3p3" /></picture></a></div></div></div></div></div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-11--k1e8b ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-medium--x7khA ontend-pencraft-Text-module__font-meta--U_nxy ontend-pencraft-Text-module__lor-pub-primary-text--RzL7j ontend-pencraft-Text-module__transform-upperse--IDkUL ontend-pencraft-Text-module__ret--dW0zZ ontend-pencraft-Text-module__meta--jzHdd"><div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__ratn-hover-unrle--BEYAn ontend-pencraft-Text-module__ret--dW0zZ">Michael A. Gayed, CFA</a></div></div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-gap-4--zeW5_"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-11--k1e8b ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-medium--x7khA ontend-pencraft-Text-module__font-meta--U_nxy ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__transform-upperse--IDkUL ontend-pencraft-Text-module__ret--dW0zZ ontend-pencraft-Text-module__meta--jzHdd">Jul 19, 2023</div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-11--k1e8b ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-medium--x7khA ontend-pencraft-Text-module__font-meta--U_nxy ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__transform-upperse--IDkUL ontend-pencraft-Text-module__ret--dW0zZ ontend-pencraft-Text-module__meta--jzHdd">∙ Paid</div></div></div></div></div><div class="pencraft ontend-pencraft-Box-module__flexGrow--mx4xz ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-jtify-space-between--NvIcg ontend-pencraft-Box-module__flex-align-center--rSd6h ontend-pencraft-Box-module__flex-gap-16--TpblU ontend-pencraft-Box-module__paddg-y-16--ohCEm ontend-pencraft-Box-module__borr-top-tail-themed--e17yZ ontend-pencraft-Box-module__borr-bottom-tail-themed--eVwFY post-ufi"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="like-button-ntaer post-ufi-button style-button"><a role="button" class="post-ufi-button style-button has-label wh-borr"><svg role="img" style="height: 20px; width: 20px;" width="20" height="20" viewBox="0 0 24 24" fill="#000000" stroke-width="2" stroke="#000" xmlns=" class="in"><g><tle> .

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