Today, we are joined by Michael Gayed, award winning Author and Portfolio Manager, for a real time account of what it's like to go through a challenging time in the markets. We discuss how Michael reinvented himself in 2009 and what he learned from the Great Recession, why Michael believes that Trend Following is not a long-vol strategy and how Gayed uses Lumber vs Gold as a market, Risk-on Risk-off indicator and how he uses treasuries as a tool to look forward in time. We also dig into why Gayed believe that higher rates is indicative of an increasing economic activity, why your ability to stick to a strategy matters more than the strategy itself, how buying used items can be a way to fight inflation and why the best investment opportunities happens on dislocations, the reason working harder does not necessarily generate better results and much more.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Episode TimeStamps:

00:00 - Intro

02:58 - Introduction to Michael Gayed

06:05 - What Michael learned from the Great Recession?

13:37 - Using the S&P instead of realized volatility

17:21 - Treasuries - A safe asset?

23:22 - A mixed picture in terms of risk

26:39 - Why Lumber instead of Copper?

30:13 - Is the (inversion of the) yield curve still valid?

31:53 - What about the asset class cycle?

34:34 - Higher rates = increased economic activity?

37:27 - Being persistent is key

39:34 - Will yields come in very sharply?

42:02 - The problem of the inflation narrative

45:31 - Allocating to ETFs and funds

48:48 - The sad side to the business

58:26 - Key takeaways from Niels

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

GM25: A realtime account of going through "hell" in the markets ft. Michael Gayed