Michael Gayed: Procs Over Everythg - The Reformed Broker

michael a gayed father

26 Dec 2024

<p>Michael A. Gayed, CFA, is chief vtment strategist and -portfol manager at Pensn Partners, LLC

MICHAEL GAYED: PROCS OVER EVERYTHG
WHY MICHAEL GAYED THKS WE'RE STILL IN A BEAR MARKET
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 WEEK THAT FOOLED EVERYONETHE REAL STORY WASN'T NVIDIAAUG 26 • MICHAEL A. GAYED, CFA61SHARE THIS POSTTHE WEEK THAT FOOLED COPY LKFACEBOOKEMAILNOTOTHERNEWTOPCOMMUNYEXPLORG ASIAN MARKETS AND CENTRAL BANK POLICI WH WTON NAKAMURALISTEN NOW (64 MS) | PODST OF THE WEEK11 HRS AGO • MICHAEL A. GAYED, CFA AND WTON NAKAMURA41SHARE THIS POSTEXPLORG ASIAN MARKETS AND CENTRAL BANK POLICI WH WTON COPY LKFACEBOOKEMAILNOTOTHERAIRBNB DTROYED THE AMERIN DREAM OF OWNG A HOME BUT TELL ME MORE ABOUT NVIDIAAUG 25 • MICHAEL A. GAYED, CFA66SHARE THIS POSTAIRBNB DTROYED THE AMERIN DREAM OF OWNG A HOME COPY LKFACEBOOKEMAILNOTOTHER3A VERY NICE UNNSTRAED BOND FUNDBUT THE 12% YIELD PROBABLY ISN’T STAABLEAUG 24 • MICHAEL A. GAYED, CFA57SHARE THIS POSTA VERY NICE UNNSTRAED BOND COPY LKFACEBOOKEMAILNOTOTHERTHE DELITE BALANCEPOWELL IN TROUBLEAUG 23 • MICHAEL A. GAYED, CFA61SHARE THIS POSTTHE DELITE COPY LKFACEBOOKEMAILNOTOTHERDEFENSIVE STRATEGI BUILD MOMENTUMAN IMPORTANT WEEK THAT CAN FOOL EVERYONEAUG 22 • MICHAEL A. GAYED, CFA65SHARE THIS POSTDEFENSIVE STRATEGI BUILD COPY LKFACEBOOKEMAILNOTOTHERSEPTEMBER.FEW.AUG 21 • MICHAEL A. GAYED, CFA61SHARE THIS COPY LKFACEBOOKEMAILNOTOTHERTHE ONLY BEARS LEFT: A CONVERSATN WH GARETH SOLOWAY AND JASON SHAPIROLISTEN NOW (49 MS) | PODST OF THE WEEKAUG 20 • MICHAEL A. GAYED, CFA, GARETH SOLOWAY, AND JASON SHAPIRO32SHARE THIS POSTTHE ONLY BEARS LEFT: A CONVERSATN WH GARETH SOLOWAY AND JASON 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 GAYED
PORTFOL MANAGEMENT AND ANALYSIS WH MICHAEL GAYED
MICHAEL GAYED

MICHAEL GAYED: PROCS OVER EVERYTHG

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

I give Michael Gayed a lot of cred – he is extremely vol and clear about his nvictns and when the data chang, he jt as volly shifts gears. Gayed. Follow Michael Gayed on Twter @pensnpartners.

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.

WHY MICHAEL GAYED THKS WE'RE STILL IN A BEAR MARKET

Michael Gayed ns The Lead Lag Report and jos to discs the macro picture and what sectors, ETFs and stocks make sense for vtors." data-renr="ssr * michael a gayed father *

Michael Gayed ns The Lead Lag Report and jos to discs the macro picture and what sectors, ETFs and stocks make sense for vtors. 7:20 - The Fed is a follower of the bond market; treasuri will dictate 9:40 - How to classify a bull and bear market 15:20 - Nvidia and gettg perspective on the tech sector 22:40 - Internatnal portfol allotn - what to keep md 30:55 - Gold as the ultimate diversifier Free trial to The Lead-Lag Report Transcript Rena Sherbill: Michael Gayed ns the vtg group The Lead-Lag Report and manag a portfol outsi of Seekg Alpha; on Seekg Alpha, he shar salient analysis wh . Michael Gayed: Salient is a good word.

Gayed, CFA's Articl | Seekg Alpha.

Michael Gayed | Wealth Management.

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 WEEK THAT FOOLED EVERYONETHE REAL STORY WASN'T NVIDIAAUG 26 • MICHAEL A. GAYED, CFA61SHARE THIS POSTTHE WEEK THAT FOOLED COPY LKFACEBOOKEMAILNOTOTHERNEWTOPCOMMUNYEXPLORG ASIAN MARKETS AND CENTRAL BANK POLICI WH WTON NAKAMURALISTEN NOW (64 MS) | PODST OF THE WEEK11 HRS AGO • MICHAEL A. GAYED, CFA AND WTON NAKAMURA41SHARE THIS POSTEXPLORG ASIAN MARKETS AND CENTRAL BANK POLICI WH WTON COPY LKFACEBOOKEMAILNOTOTHERAIRBNB DTROYED THE AMERIN DREAM OF OWNG A HOME BUT TELL ME MORE ABOUT NVIDIAAUG 25 • MICHAEL A. GAYED, CFA66SHARE THIS POSTAIRBNB DTROYED THE AMERIN DREAM OF OWNG A HOME COPY LKFACEBOOKEMAILNOTOTHER3A VERY NICE UNNSTRAED BOND FUNDBUT THE 12% YIELD PROBABLY ISN’T STAABLEAUG 24 • MICHAEL A. GAYED, CFA57SHARE THIS POSTA VERY NICE UNNSTRAED BOND COPY LKFACEBOOKEMAILNOTOTHERTHE DELITE BALANCEPOWELL IN TROUBLEAUG 23 • MICHAEL A. GAYED, CFA61SHARE THIS POSTTHE DELITE COPY LKFACEBOOKEMAILNOTOTHERDEFENSIVE STRATEGI BUILD MOMENTUMAN IMPORTANT WEEK THAT CAN FOOL EVERYONEAUG 22 • MICHAEL A. GAYED, CFA65SHARE THIS POSTDEFENSIVE STRATEGI BUILD COPY LKFACEBOOKEMAILNOTOTHERSEPTEMBER.FEW.AUG 21 • MICHAEL A. GAYED, CFA61SHARE THIS COPY LKFACEBOOKEMAILNOTOTHERTHE ONLY BEARS LEFT: A CONVERSATN WH GARETH SOLOWAY AND JASON SHAPIROLISTEN NOW (49 MS) | PODST OF THE WEEKAUG 20 • MICHAEL A. GAYED, CFA, GARETH SOLOWAY, AND JASON SHAPIRO32SHARE THIS POSTTHE ONLY BEARS LEFT: A CONVERSATN WH GARETH SOLOWAY AND JASON 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

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 a gayed father *

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.

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. Michael Gayed is the Chief Invtment Strategist and Portfol Manager of Pensn Partners, LLC. Please wele Michael Gayed to the show!

MICHAEL GAYED

* michael a gayed father *

PORTFOL MANAGEMENT AND ANALYSIS WH MICHAEL GAYED

Michael Gayed discs his personal philosophy of vtg wh Invtor the Fay listeners. Learn to vt wh IITF. * michael a gayed father *

MICHAEL GAYED

BEAR-MAGAZINE.COM MICHAEL A GAYED FATHER

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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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><time dateTime="2023-08-27T14:19:06.007Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">11 hrs ago</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. Gayed, CFA</a></div> and <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Wton Nakamura</a></div></div></div><div style="aspect-rat: 1.5" class="ontend-ma-home-PostPreview-PostPreviewListg-module__image--RoIBP ontend-ma-home-PostPreview-PostPreviewCoverImage-module__ntaer--Wg_Ug"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" style="aspect-rat: 1.5" width="320" height="213" class="ontend-ponents-rponsive_img-module__img--Pgjj2 ontend-ma-home-PostPreview-PostPreviewCoverImage-module__image--rPbBU" /></picture></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 ontend-ma-home-PostPreview-x-module__actns--eae29"><div class="post-ufi style-prsed jtified themed"><div class="like-button-ntaer 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12v8a2 2 0 0 0 2 2h12a2 2 0 0 0 2-2v-8"></path><polyle pots="16 6 12 2 8 6"></polyle><le x1="12" x2="12" y1="2" y2="15"></le></svg></a></div></div></div></div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__borr-bottom-tail-themed--eVwFY ontend-ma-home-PostsLayout-module__divir--AxHuX"></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 ontend-pencraft-Box-module__borr-radi-6--lsyIU ontend-ma-home-PostPreview-x-module__ntaer--gXuU1"><div class="ontend-ma-home-PostPreview-PostPreviewListg-module__ntaer--zH3ui"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><a href=" data-ttid="post-preview-tle" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-18--zqngu ontend-pencraft-Text-module__le-height-28--NgO1Q ontend-pencraft-Text-module__weight-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-3--R6uR3 ontend-pencraft-Text-module__ret--dW0zZ">AirBnB Dtroyed The Amerin Dream Of Owng A Home </a></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"><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__font-text--QmNJR ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-2--kM7cV ontend-pencraft-Text-module__ret--dW0zZ">But Tell Me More About Nvidia</a></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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><div class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__in--Q4O7L"><svg xmlns=" width="12" height="12" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-lock"><rect width="18" height="11" x="3" y="11" rx="2" ry="2"></rect><path d="M7 11V7a5 5 0 0 1 10 0v4"></path></svg></div><time dateTime="2023-08-25T19:16:40.740Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">Aug 25</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. Gayed, CFA</a></div></div></div><div style="aspect-rat: 1.5" class="ontend-ma-home-PostPreview-PostPreviewListg-module__image--RoIBP ontend-ma-home-PostPreview-PostPreviewCoverImage-module__ntaer--Wg_Ug"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" style="aspect-rat: 1.5" width="320" height="213" class="ontend-ponents-rponsive_img-module__img--Pgjj2 ontend-ma-home-PostPreview-PostPreviewCoverImage-module__image--rPbBU" /></picture></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 ontend-ma-home-PostPreview-x-module__actns--eae29"><div class="post-ufi style-prsed jtified themed"><div class="like-button-ntaer post-ufi-button style-prsed"><a role="button" class="post-ufi-button style-prsed has-label wh-borr"><svg role="img" style="height: 16px; width: 16px;" width="16" height="16" viewBox="0 0 24 24" fill="#000000" stroke-width="2" stroke="#000" xmlns=" class="in"><g><tle></tle><svg xmlns=" width="24" height="24" viewBox="0 0 24 24" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-heart"><path d="M19 14c1.49-1.46 3-3.21 3-5.5A5.5 5.5 0 0 0 16.5 3c-1.76 0-3 .5-4.5 2-1.5-1.5-2.74-2-4.5-2A5.5 5.5 0 0 0 2 8.5c0 2.3 1.5 4.05 3 5.5l7 7Z"></path></svg></g></svg><div class="label">66</div></a><div ert role="dialog" class="modal typography out gone share-dialog popup"><div class="modal-table"><div class="modal-row"><div class="modal-cell modal-ntent no-fullscreen"><div class="ntaer"><button tabInx="0" type="button" data-ttid="close-modal" class="pencraft modal-btn modal-ex-btn no-marg ontend-pencraft-Button-module__inButton--xpBoH ontend-pencraft-Button-module__buttonBase--T0hXz ontend-pencraft-Button-module__size_40--RASvV ontend-pencraft-Button-module__prry_sendary--UEXV6 ontend-pencraft-Button-module__fill_empty--OPYgN ontend-pencraft-Button-module__round--D6jfD"><svg xmlns=" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="sendary" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-x"><le x1="18" x2="6" y1="6" y2="18"></le><le x1="6" x2="18" y1="6" y2="18"></le></svg></button><div class="share-dialog-tle">Share this post</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 ontend-pencraft-Box-module__flex-gap-32--uRr14 ontend-pencraft-Box-module__paddg-x-24--ViY5j ontend-pencraft-Box-module__paddg-top-32--hE9Ly ontend-pencraft-Box-module__paddg-bottom-48--OND"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__paddg-8--wF5Sz ontend-pencraft-Box-module__borr-tail--MiH57 ontend-pencraft-Box-module__borr-radi-12--AmQy9 social-preview-box post"><div class="social-image-box"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" width="120" class="ontend-ponents-rponsive_img-module__img--Pgjj2 social-image" /></picture></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 ontend-pencraft-Box-module__paddg-y-8--exiCC ontend-pencraft-Box-module__paddg-left-12--eE6bp"><h4 class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-16--fFowu ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-bold--Ps9DB ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-primary--ud4Z0 ontend-pencraft-Text-module__ret--dW0zZ">AirBnB Dtroyed The Amerin Dream Of Owng A Home </h4><div 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-normal--s54Wf 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0.937512 13.9069 1.74864 14.7182C2.55976 15.5295 3.65701 15.9897 4.80407 15.9996C5.95113 16.0096 7.05622 15.5685 7.88132 14.7715L7.89035 14.7626L9.13717 13.5155C9.42192 13.2307 9.42192 12.7689 9.13717 12.4841C8.85243 12.1993 8.39077 12.1993 8.10602 12.4841L6.86392 13.7265C6.31432 14.2552 5.57945 14.5477 4.81675 14.5411C4.05204 14.5344 3.32054 14.2276 2.77979 13.6868C2.23904 13.1459 1.93231 12.4142 1.92566 11.6494C1.91904 10.8865 2.21146 10.1514 2.74011 9.60172L4.92287 7.41846C5.21854 7.12262 5.57437 6.89384 5.96621 6.74763C6.35805 6.60143 6.77674 6.54123 7.19389 6.57111C7.61104 6.601 8.01688 6.72026 8.38389 6.92082C8.75091 7.12138 9.0705 7.39855 9.32101 7.73352C9.56221 8.05605 10.0191 8.12194 10.3416 7.88068C10.6641 7.63942 10.7299 7.18238 10.4887 6.85985C10.113 6.3574 9.63359 5.94165 9.08307 5.64081C8.53255 5.33997 7.92378 5.16107 7.29806 5.11625Z"></path></g></svg></div><div translated 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-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">Copy lk</div></button><button tabInx="0" type="button" class="button share-actn"><div class="actn-in"><svg role="img" width="16" height="17" viewBox="0 0 16 17" fill="none" stroke-width="1.8" stroke="#000" xmlns="><g><tle></tle><path d="M10.6543 1.38723C10.3533 0.960814 9.95383 0.61341 9.48976 0.374567C9.02902 0.137956 8.51908 0.0130716 8.00115 0.0100098C7.86087 0.0101844 7.72354 0.0502687 7.60519 0.125581C7.48684 0.200893 7.39237 0.308324 7.3328 0.435326L5.00368 5.67077H3.029C2.72335 5.66964 2.42059 5.73003 2.13876 5.84833C1.85692 5.96663 1.60177 6.14043 1.38849 6.35938C1.16707 6.57502 0.991841 6.83346 0.873459 7.11897C0.755078 7.40447 0.696022 7.71108 0.699885 8.02014V13.691C0.699885 14.3087 0.945273 14.9012 1.38207 15.338C1.81886 15.7747 2.41128 16.0201 3.029 16.0201H13.348C13.8951 16.021 14.425 15.8283 14.8438 15.4762C15.2626 15.1241 15.5434 14.6352 15.6366 14.0961L16.6493 8.4252C16.7252 8.09192 16.7252 7.74582 16.6493 7.41254C16.566 7.08205 16.4104 6.7742 16.1936 6.51128C15.9746 6.25 15.7017 6.03926 15.3936 5.89355C15.0762 5.7467 14.7306 5.67068 14.3809 5.67077H10.5328L11.0391 4.37457C11.2397 3.88784 11.3162 3.35894 11.2619 2.83533C11.1853 2.30894 10.9763 1.81065 10.6543 1.38723ZM4.75052 14.5518H3.029C2.91049 14.5525 2.79303 14.5296 2.68349 14.4844C2.57394 14.4392 2.47452 14.3726 2.39102 14.2885C2.23609 14.1199 2.14945 13.8997 2.14799 13.6708V8.02014C2.14913 7.901 2.17389 7.78328 2.22082 7.67377C2.26775 7.56427 2.33592 7.46515 2.4214 7.38216C2.50369 7.29576 2.60267 7.22698 2.71233 7.17998C2.822 7.13298 2.94007 7.10874 3.05938 7.10874H4.7809L4.75052 14.5518ZM10.6746 7.05811H14.3809C14.5145 7.05821 14.6462 7.08942 14.7657 7.14925C14.8875 7.20532 14.9948 7.28845 15.0796 7.39229C15.1675 7.49052 15.2301 7.60871 15.2619 7.73659C15.2922 7.8665 15.2922 8.00162 15.2619 8.13153L14.2493 13.8024C14.2087 14.017 14.094 14.2106 13.9252 14.3492C13.7619 14.4812 13.558 14.5528 13.348 14.5518H6.19862V6.45052L8.43659 1.38723H8.52773C8.9042 1.50037 9.23304 1.73413 9.4636 2.05252C9.69416 2.37092 9.81365 2.75627 9.80368 3.14925C9.8181 3.39741 9.78015 3.64583 9.69229 3.87836L9.23659 5.04292C9.15397 5.273 9.12623 5.51921 9.15558 5.76191C9.1877 6.00427 9.27425 6.23623 9.40875 6.44039C9.5535 6.6376 9.74028 6.80017 9.95558 6.91634C10.1774 7.03206 10.4244 7.0912 10.6746 7.08849V7.05811Z"></path></g></svg></div><div translated 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-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">Facebook</div></button><button tabInx="0" type="button" class="button share-actn"><div class="actn-in"><svg role="img" width="21" height="16" viewBox="0 0 21 16" fill="none" stroke-width="1.8" stroke="#000" xmlns="><g><tle></tle><path fill-le="evenodd" clip-le="evenodd" d="M2.22192 2.20503C2.36754 1.77115 2.78269 1.45455 3.26639 1.45455H17.9332C18.4169 1.45455 18.8321 1.77118 18.9777 2.2051L10.5999 8.02107L2.22192 2.20503ZM2.16639 3.94198V13.4545C2.16639 14.0529 2.66307 14.5455 3.26639 14.5455H17.9332C18.5365 14.5455 19.0332 14.0529 19.0332 13.4545V3.94206L11.0204 9.50462C10.7679 9.67991 10.4318 9.67991 10.1793 9.50462L2.16639 3.94198ZM20.4999 2.55809V13.4545C20.4999 14.8562 19.3465 16 17.9332 16H3.26639C1.85304 16 0.699707 14.8562 0.699707 13.4545V2.54545C0.699707 1.14379 1.85304 0 3.26639 0H17.9332C19.3407 0 20.4904 1.13441 20.4998 2.52818C20.5 2.53816 20.5001 2.54813 20.4999 2.55809Z"></path></g></svg></div><div translated 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-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">Email</div></button><button tabInx="0" type="button" class="button share-actn"><div class="actn-in"><svg role="img" width="24" height="24" viewBox="0 0 24 24" fill="none" stroke-width="1.8" stroke="#000" xmlns="><g><tle></tle><path d="M6.785 1.92766C5.45134 1.57031 4.08049 2.36176 3.72314 3.69543L0.444815 15.9303C0.0874636 17.264 0.878901 18.6348 2.21255 18.9922L5.37495 19.8396V7.66664C5.37495 6.40099 6.40096 5.37498 7.66661 5.37498H19.4723C19.3299 5.30548 19.1788 5.24858 19.0201 5.20604L6.785 1.92766Z" stroke="none"></path><path fill-le="evenodd" clip-le="evenodd" d="M8.44161 7.4C7.86632 7.4 7.39995 7.86637 7.39995 8.44167V22.1081C7.39995 22.6834 7.86631 23.1498 8.4416 23.1498L22.1083 23.15C22.6836 23.15 23.1499 22.6836 23.1499 22.1083V8.44167C23.1499 7.86637 22.6836 7.4 22.1083 7.4H8.44161ZM10.3999 9.65C9.84766 9.65 9.39995 10.0977 9.39995 10.65C9.39995 11.2023 9.84766 11.65 10.3999 11.65H18.3999C18.9522 11.65 19.3999 11.2023 19.3999 10.65C19.3999 10.0977 18.9522 9.65 18.3999 9.65H10.3999ZM10.3999 14.15C9.84766 14.15 9.39995 14.5977 9.39995 15.15C9.39995 15.7023 9.84766 16.15 10.3999 16.15H15.3999C15.9522 16.15 16.3999 15.7023 16.3999 15.15C16.3999 14.5977 15.9522 14.15 15.3999 14.15H10.3999Z" stroke="none"></path></g></svg></div><div 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-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">Not</div></button><button tabInx="0" id="trigger808077" aria-expand="false" aria-haspopup="dialog" aria-ntrols="dialog808078" ariaLabel="View more" type="button" class="button share-actn"><div class="actn-in"><svg role="img" width="100" height="100" viewBox="0 0 100 100" fill="none" stroke-width="1.8" stroke="#000" xmlns="><g><tle></tle><circle cx="23" cy="50" r="9"></circle><circle cx="50" cy="50" r="9"></circle><circle cx="77" cy="50" r="9"></circle></g></svg></div><div translated 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-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><a role="button" href=" class="post-ufi-button style-prsed post-ufi-ment-button has-label wh-borr"><svg role="img" style="height: 16px; width: 16px;" width="16" height="16" viewBox="0 0 24 24" fill="#000000" stroke-width="2" stroke="#000" xmlns=" class="in"><g><tle></tle><svg xmlns=" width="24" height="24" viewBox="0 0 24 24" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-msage-circle"><path d="m3 21 1.9-5.7a8.5 8.5 0 1 1 3.8 3.8z"></path></svg></g></svg><div class="label">3</div></a><a role="button" href="javascript:void(0)" class="post-ufi-button style-prsed no-label wh-borr"><svg xmlns=" width="24" height="16" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="in"><path d="M4 12v8a2 2 0 0 0 2 2h12a2 2 0 0 0 2-2v-8"></path><polyle pots="16 6 12 2 8 6"></polyle><le x1="12" x2="12" y1="2" y2="15"></le></svg></a></div></div></div></div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__borr-bottom-tail-themed--eVwFY ontend-ma-home-PostsLayout-module__divir--AxHuX"></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 ontend-pencraft-Box-module__borr-radi-6--lsyIU ontend-ma-home-PostPreview-x-module__ntaer--gXuU1"><div class="ontend-ma-home-PostPreview-PostPreviewListg-module__ntaer--zH3ui"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><a href=" data-ttid="post-preview-tle" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-18--zqngu ontend-pencraft-Text-module__le-height-28--NgO1Q ontend-pencraft-Text-module__weight-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-3--R6uR3 ontend-pencraft-Text-module__ret--dW0zZ">A Very Nice Unnstraed Bond Fund</a></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"><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__font-text--QmNJR ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-2--kM7cV ontend-pencraft-Text-module__ret--dW0zZ">But The 12% Yield Probably Isn’t Staable</a></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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><div class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__in--Q4O7L"><svg xmlns=" width="12" height="12" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-lock"><rect width="18" height="11" x="3" y="11" rx="2" ry="2"></rect><path d="M7 11V7a5 5 0 0 1 10 0v4"></path></svg></div><time dateTime="2023-08-24T15:05:22.919Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">Aug 24</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. Gayed, CFA</a></div></div></div><div style="aspect-rat: 1.5" class="ontend-ma-home-PostPreview-PostPreviewListg-module__image--RoIBP ontend-ma-home-PostPreview-PostPreviewCoverImage-module__ntaer--Wg_Ug"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" style="aspect-rat: 1.5" width="320" height="213" class="ontend-ponents-rponsive_img-module__img--Pgjj2 ontend-ma-home-PostPreview-PostPreviewCoverImage-module__image--rPbBU" /></picture></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 ontend-ma-home-PostPreview-x-module__actns--eae29"><div class="post-ufi style-prsed jtified themed"><div class="like-button-ntaer post-ufi-button style-prsed"><a role="button" class="post-ufi-button style-prsed has-label wh-borr"><svg role="img" style="height: 16px; width: 16px;" width="16" height="16" viewBox="0 0 24 24" fill="#000000" stroke-width="2" stroke="#000" xmlns=" class="in"><g><tle></tle><svg xmlns=" width="24" height="24" viewBox="0 0 24 24" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-heart"><path d="M19 14c1.49-1.46 3-3.21 3-5.5A5.5 5.5 0 0 0 16.5 3c-1.76 0-3 .5-4.5 2-1.5-1.5-2.74-2-4.5-2A5.5 5.5 0 0 0 2 8.5c0 2.3 1.5 4.05 3 5.5l7 7Z"></path></svg></g></svg><div class="label">57</div></a><div ert role="dialog" class="modal typography out gone share-dialog popup"><div class="modal-table"><div class="modal-row"><div class="modal-cell modal-ntent no-fullscreen"><div class="ntaer"><button tabInx="0" type="button" data-ttid="close-modal" class="pencraft modal-btn modal-ex-btn no-marg ontend-pencraft-Button-module__inButton--xpBoH ontend-pencraft-Button-module__buttonBase--T0hXz ontend-pencraft-Button-module__size_40--RASvV ontend-pencraft-Button-module__prry_sendary--UEXV6 ontend-pencraft-Button-module__fill_empty--OPYgN ontend-pencraft-Button-module__round--D6jfD"><svg xmlns=" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="sendary" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-x"><le x1="18" x2="6" y1="6" y2="18"></le><le x1="6" x2="18" y1="6" y2="18"></le></svg></button><div class="share-dialog-tle">Share this post</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 ontend-pencraft-Box-module__flex-gap-32--uRr14 ontend-pencraft-Box-module__paddg-x-24--ViY5j ontend-pencraft-Box-module__paddg-top-32--hE9Ly ontend-pencraft-Box-module__paddg-bottom-48--OND"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__paddg-8--wF5Sz ontend-pencraft-Box-module__borr-tail--MiH57 ontend-pencraft-Box-module__borr-radi-12--AmQy9 social-preview-box post"><div class="social-image-box"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" width="120" class="ontend-ponents-rponsive_img-module__img--Pgjj2 social-image" /></picture></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 ontend-pencraft-Box-module__paddg-y-8--exiCC ontend-pencraft-Box-module__paddg-left-12--eE6bp"><h4 class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-16--fFowu ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-bold--Ps9DB ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-primary--ud4Z0 ontend-pencraft-Text-module__ret--dW0zZ">A Very Nice Unnstraed Bond Fund</h4><div 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-normal--s54Wf ontend-pencraft-Text-module__font-text--QmNJR 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class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__borr-radi-6--lsyIU ontend-ma-home-PostPreview-x-module__ntaer--gXuU1"><div class="ontend-ma-home-PostPreview-PostPreviewListg-module__ntaer--zH3ui"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><a href=" data-ttid="post-preview-tle" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-18--zqngu ontend-pencraft-Text-module__le-height-28--NgO1Q ontend-pencraft-Text-module__weight-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 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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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><div class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__in--Q4O7L"><svg xmlns=" width="12" height="12" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-lock"><rect width="18" height="11" x="3" y="11" rx="2" ry="2"></rect><path d="M7 11V7a5 5 0 0 1 10 0v4"></path></svg></div><time dateTime="2023-08-23T19:42:48.157Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">Aug 23</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. 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class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__borr-radi-6--lsyIU ontend-ma-home-PostPreview-x-module__ntaer--gXuU1"><div class="ontend-ma-home-PostPreview-PostPreviewListg-module__ntaer--zH3ui"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><a href=" data-ttid="post-preview-tle" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-18--zqngu ontend-pencraft-Text-module__le-height-28--NgO1Q ontend-pencraft-Text-module__weight-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 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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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><div class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__in--Q4O7L"><svg xmlns=" width="12" height="12" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-lock"><rect width="18" height="11" x="3" y="11" rx="2" ry="2"></rect><path d="M7 11V7a5 5 0 0 1 10 0v4"></path></svg></div><time dateTime="2023-08-22T16:09:17.444Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">Aug 22</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. Gayed, CFA</a></div></div></div><div style="aspect-rat: 1.5" class="ontend-ma-home-PostPreview-PostPreviewListg-module__image--RoIBP ontend-ma-home-PostPreview-PostPreviewCoverImage-module__ntaer--Wg_Ug"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" style="aspect-rat: 1.5" width="320" height="213" class="ontend-ponents-rponsive_img-module__img--Pgjj2 ontend-ma-home-PostPreview-PostPreviewCoverImage-module__image--rPbBU" /></picture></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 ontend-ma-home-PostPreview-x-module__actns--eae29"><div class="post-ufi style-prsed jtified themed"><div class="like-button-ntaer post-ufi-button style-prsed"><a role="button" class="post-ufi-button style-prsed has-label wh-borr"><svg role="img" style="height: 16px; width: 16px;" width="16" height="16" viewBox="0 0 24 24" fill="#000000" stroke-width="2" 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height="20" viewBox="0 0 24 24" fill="none" stroke="sendary" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-x"><le x1="18" x2="6" y1="6" y2="18"></le><le x1="6" x2="18" y1="6" y2="18"></le></svg></button><div class="share-dialog-tle">Share this post</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 ontend-pencraft-Box-module__flex-gap-32--uRr14 ontend-pencraft-Box-module__paddg-x-24--ViY5j ontend-pencraft-Box-module__paddg-top-32--hE9Ly ontend-pencraft-Box-module__paddg-bottom-48--OND"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__paddg-8--wF5Sz ontend-pencraft-Box-module__borr-tail--MiH57 ontend-pencraft-Box-module__borr-radi-12--AmQy9 social-preview-box post"><div class="social-image-box"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" width="120" class="ontend-ponents-rponsive_img-module__img--Pgjj2 social-image" /></picture></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 ontend-pencraft-Box-module__paddg-y-8--exiCC ontend-pencraft-Box-module__paddg-left-12--eE6bp"><h4 class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-16--fFowu ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-bold--Ps9DB ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-primary--ud4Z0 ontend-pencraft-Text-module__ret--dW0zZ">Defensive Strategi Build Momentum</h4><div 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-normal--s54Wf ontend-pencraft-Text-module__font-text--QmNJR 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class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__borr-radi-6--lsyIU ontend-ma-home-PostPreview-x-module__ntaer--gXuU1"><div class="ontend-ma-home-PostPreview-PostPreviewListg-module__ntaer--zH3ui"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><a href=" data-ttid="post-preview-tle" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-18--zqngu ontend-pencraft-Text-module__le-height-28--NgO1Q ontend-pencraft-Text-module__weight-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-3--R6uR3 ontend-pencraft-Text-module__ret--dW0zZ">September.</a></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"><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__font-text--QmNJR ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-2--kM7cV ontend-pencraft-Text-module__ret--dW0zZ">Few.</a></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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><div class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__in--Q4O7L"><svg xmlns=" width="12" height="12" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-lock"><rect width="18" height="11" x="3" y="11" rx="2" ry="2"></rect><path d="M7 11V7a5 5 0 0 1 10 0v4"></path></svg></div><time dateTime="2023-08-21T15:34:13.156Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">Aug 21</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. Gayed, CFA</a></div></div></div><div style="aspect-rat: 1.5" class="ontend-ma-home-PostPreview-PostPreviewListg-module__image--RoIBP ontend-ma-home-PostPreview-PostPreviewCoverImage-module__ntaer--Wg_Ug"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" style="aspect-rat: 1.5" width="320" height="213" class="ontend-ponents-rponsive_img-module__img--Pgjj2 ontend-ma-home-PostPreview-PostPreviewCoverImage-module__image--rPbBU" /></picture></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 ontend-ma-home-PostPreview-x-module__actns--eae29"><div class="post-ufi style-prsed jtified themed"><div class="like-button-ntaer post-ufi-button style-prsed"><a role="button" class="post-ufi-button style-prsed has-label wh-borr"><svg role="img" style="height: 16px; width: 16px;" width="16" height="16" viewBox="0 0 24 24" fill="#000000" stroke-width="2" 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height="20" viewBox="0 0 24 24" fill="none" stroke="sendary" stroke-width="2" stroke-lep="round" stroke-lejo="round" class="luci luci-x"><le x1="18" x2="6" y1="6" y2="18"></le><le x1="6" x2="18" y1="6" y2="18"></le></svg></button><div class="share-dialog-tle">Share this post</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 ontend-pencraft-Box-module__flex-gap-32--uRr14 ontend-pencraft-Box-module__paddg-x-24--ViY5j ontend-pencraft-Box-module__paddg-top-32--hE9Ly ontend-pencraft-Box-module__paddg-bottom-48--OND"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__paddg-8--wF5Sz ontend-pencraft-Box-module__borr-tail--MiH57 ontend-pencraft-Box-module__borr-radi-12--AmQy9 social-preview-box post"><div class="social-image-box"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" width="120" class="ontend-ponents-rponsive_img-module__img--Pgjj2 social-image" /></picture></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 ontend-pencraft-Box-module__paddg-y-8--exiCC ontend-pencraft-Box-module__paddg-left-12--eE6bp"><h4 class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-16--fFowu ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-bold--Ps9DB ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-primary--ud4Z0 ontend-pencraft-Text-module__ret--dW0zZ">September.</h4><div 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-normal--s54Wf ontend-pencraft-Text-module__font-text--QmNJR 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class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__borr-radi-6--lsyIU ontend-ma-home-PostPreview-x-module__ntaer--gXuU1"><div class="ontend-ma-home-PostPreview-PostPreviewListg-module__ntaer--zH3ui"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk ontend-pencraft-Box-module__flex-gap-8--HFpIK"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__flex-directn-lumn--Rq7pk"><a href=" data-ttid="post-preview-tle" class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-18--zqngu ontend-pencraft-Text-module__le-height-28--NgO1Q ontend-pencraft-Text-module__weight-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-3--R6uR3 ontend-pencraft-Text-module__ret--dW0zZ"><svg role="img" style="height: 17px; width: 17px;" width="17" height="17" viewBox="0 0 19 19" fill="none" stroke-width="1.8" stroke="#000" xmlns=" class="ontend-ma-home-PostPreview-PostPreviewTle-module__in--ftllQ"><g><tle></tle><path d="M10.1505 3H8.61291C6.06527 3 4 4.9401 4 7.33333V10" stroke-lejo="round"></path><path d="M8.89246 3H10.4301C12.9778 3 15.043 4.9401 15.043 7.33333V10.5" stroke-lejo="round"></path><path d="M3 12.1429V13.3571C3 14.5406 3.81359 15.5 4.81721 15.5H6.42473V10H4.81721C3.81359 10 3 10.9594 3 12.1429Z" stroke-lejo="round"></path><path d="M16 12.1429V13.3571C16 14.5406 15.1864 15.5 14.1828 15.5H12.5753V10H14.1828C15.1864 10 16 10.9594 16 12.1429Z" stroke-lejo="round"></path></g></svg>The Only Bears Left: A Conversatn Wh Gareth Soloway And Jason Shapiro</a></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"><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__font-text--QmNJR ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__clamp--a1dYM ontend-pencraft-Text-module__clamp-2--kM7cV ontend-pencraft-Text-module__ret--dW0zZ">Listen now (49 ms) | Podst of the Week</a></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 ontend-ma-home-PostPreview-PostPreviewAuthors-module__textContaer--DYUfJ"><time dateTime="2023-08-20T14:26:34.939Z" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__date--MMeK8">Aug 20</time> • <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Michael A. Gayed, CFA</a></div>, <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Gareth Soloway</a></div>, and <div class="profile-hover-rd-target ontend-rear2-ProfileAndPublitnHoverCard-module__profileHoverCardTarget--Od_YL"><a href=" class="ontend-ma-home-PostPreview-PostPreviewAuthors-module__lk--XzaS3">Jason Shapiro</a></div></div></div><div style="aspect-rat: 1.5" class="ontend-ma-home-PostPreview-PostPreviewListg-module__image--RoIBP ontend-ma-home-PostPreview-PostPreviewCoverImage-module__ntaer--Wg_Ug"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" style="aspect-rat: 1.5" width="320" height="213" class="ontend-ponents-rponsive_img-module__img--Pgjj2 ontend-ma-home-PostPreview-PostPreviewCoverImage-module__image--rPbBU" /></picture></div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 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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-semibold--LJBj3 ontend-pencraft-Text-module__font-pub-headgs--lbOZ2 ontend-pencraft-Text-module__lor-pub-primary-text--RzL7j ontend-pencraft-Text-module__ret--dW0zZ">The Lead-Lag Report</div><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-12--KorQF ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-pub-sendary-text--OzRTa ontend-pencraft-Text-module__ret--dW0zZ">Developed om award-wng market rearch, The Lead-Lag Report giv you powerful market sights to improve your long-term vtment strategy. </div></div></div><div data-ponent-name="SubscribeWidget" class="subscribe-widget"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt 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name="referrg_pub_id" /><put type="hidn" name="addnal_referrg_pub_ids" /><div class="ontend-ponents-ee_email_form-module__siBySiWrap--yhsgv"><put type="email" name="email" placeholr="Type your email..." class="pencraft ontend-ponents-ee_email_form-module__emailInput--BLQGf" /><button tabInx="0" type="subm" class="button rightButton primary subscribe-btn ontend-ponents-ee_email_form-module__button--WcLG9"><span class="button-text ">Subscribe</span></button></div><div id="error-ntaer"></div></form><div class="ontend-log-typo_handler-EmailTypoHandler-module__animatnWrapper--UT0du"></div></div></div><div class="home-semap-lks"><a href="/about">About</a><a href="/archive">Archive</a><a href=" native>Remendatns</a><a href="/semap" native>Semap</a></div></div></div></div></div></div></div><div ert role="dialog" class="modal typography out gone share-dialog popup"><div class="modal-table"><div class="modal-row"><div class="modal-cell modal-ntent no-fullscreen"><div class="ntaer"><button 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ontend-pencraft-Box-module__paddg-bottom-48--OND"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__paddg-8--wF5Sz ontend-pencraft-Box-module__borr-tail--MiH57 ontend-pencraft-Box-module__borr-radi-12--AmQy9 social-preview-box pub"><div class="social-image-box"><picture><source type="image/webp" srcset=" /><img src=" siz="100vw" alt loadg="lazy" width="120" class="ontend-ponents-rponsive_img-module__img--Pgjj2 social-image" /></picture></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 ontend-pencraft-Box-module__paddg-y-8--exiCC ontend-pencraft-Box-module__paddg-left-12--eE6bp"><h4 class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Text-module__size-16--fFowu ontend-pencraft-Text-module__le-height-20--p0dP8 ontend-pencraft-Text-module__weight-bold--Ps9DB ontend-pencraft-Text-module__font-text--QmNJR ontend-pencraft-Text-module__lor-primary--ud4Z0 ontend-pencraft-Text-module__ret--dW0zZ">The Lead-Lag Report</h4><div 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-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"></div></div></div><div class="pencraft 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-gap-8--HFpIK share-dialog-buttons-wrapper"><button tabInx="0" type="button" class="button share-actn"><div class="actn-in"><svg role="img" width="20" height="16" viewBox="0 0 20 16" fill="none" stroke-width="1.8" stroke="#000" 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7.12138 9.0705 7.39855 9.32101 7.73352C9.56221 8.05605 10.0191 8.12194 10.3416 7.88068C10.6641 7.63942 10.7299 7.18238 10.4887 6.85985C10.113 6.3574 9.63359 5.94165 9.08307 5.64081C8.53255 5.33997 7.92378 5.16107 7.29806 5.11625Z"></path></g></svg></div><div translated 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-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">Copy lk</div></button><button tabInx="0" type="button" class="button share-actn"><div class="actn-in"><svg role="img" width="16" height="17" viewBox="0 0 16 17" fill="none" stroke-width="1.8" stroke="#000" xmlns="><g><tle></tle><path d="M10.6543 1.38723C10.3533 0.960814 9.95383 0.61341 9.48976 0.374567C9.02902 0.137956 8.51908 0.0130716 8.00115 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width="1360" class="ontend-ponents-rponsive_img-module__img--Pgjj2 publitn-ver-photo" /></picture><h1 class="publitn-name wh-ver">The Lead-Lag Report</h1><p class="publitn-tagle wh-ver verbose wh-ver">Developed om award-wng market rearch, The Lead-Lag Report giv you powerful market sights to improve your long-term vtment strategy. </p><div class="publitn-meta"><div class="pencraft ontend-pencraft-Box-module__ret--VfQY8 ontend-pencraft-Box-module__display-flex--ZqeZt ontend-pencraft-Box-module__display-le-flex--ZE941 ontend-pencraft-Box-module__flex-gap-4--zeW5_">By Michael A. 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Michael Gayed: Procs Over Everythg - The Reformed Broker

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MICHAEL GAYED: PROCS OVER EVERYTHG

WHY MICHAEL GAYED THKS WE'RE STILL IN A BEAR MARKET

MICHAEL GAYED

PORTFOL MANAGEMENT AND ANALYSIS WH MICHAEL GAYED

MICHAEL GAYED

BEAR-MAGAZINE.COM MICHAEL A GAYED FATHER

Michael Gayed: Procs Over Everythg - The Reformed Broker

Recent Posts

Tags

Contents:

MICHAEL GAYED: PROCS OVER EVERYTHG

WHY MICHAEL GAYED THKS WE'RE STILL IN A BEAR MARKET

MICHAEL GAYED

PORTFOL MANAGEMENT AND ANALYSIS WH MICHAEL GAYED

MICHAEL GAYED

*BEAR-MAGAZINE.COM* MICHAEL A GAYED FATHER

BEAR-MAGAZINE.COM MICHAEL A GAYED FATHER