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About Michael
Michael A. Gayed is a portfolio manager and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in finance and management from NYU Stern School of Business and is a CFA charterholder. Mr. Gayed is the publisher of The Lead-Lag Report, focused on helping investors outperform in all market conditions. It offers a tactical, data-driven approach to investing to achieve long-term success even in the face of uncertainty. With increasing market volatility, it's essential to understand risk-on/risk-off signals, seize high-yield opportunities, and leverage award-winning research to maximize returns.
Michael's Articles
The State Street Utilities Select Sector SPDR ETF (XLU) is the only shelter that’s actually working. Utilities extended their remarkable 2026 run with the XLU/State Street SPDR S&P 500 ETF (SPY) ratio climbing another 11.3% over three months, explains Michael Gayed, editor of The Lead-Lag Report.
Michael Gayed
TRADING
Tickers: SPX
The Calamos Dynamic Convertible and Income Fund (CCD) looks particularly interesting right now. CCD is a closed-end fund managed by the convertible bond specialists at Calamos Investments, yielding approximately 10.3% through monthly distributions, explains Michael Gayed, editor of The Lead-Lag Report.
Michael Gayed
BONDS
Tickers: CCD
Global markets opened the year with a tone of cautious confidence. Equity indices, however, tell only part of the story. Major benchmarks have been largely flat, masking a pronounced internal rotation, notes Michael Gayed, editor of The Lead-Lag Report.
Michael Gayed
TRADING
Seasonality often gets dismissed as folklore. Yet history keeps proving that the final stretch of the year — November and December — has been a sweet spot for equity investors. Both history and the present setup argue for staying risk-on into year-end, writes Michael Gayed, editor of The Lead-Lag Report.
Michael Gayed
STOCKS
Tickers: SPX
Michael's Videos
It's a new year, but investors still face many of the same old problems. A Federal Reserve that's hiking interest rates. An economy that's weakening. And a market that doesn't know which way to turn. Join Michael Gayed, portfolio manager at Toroso Investments, and Mike Larson, editor-in-chief at MoneyShow, for this lively discussion on what's coming next—and how you can capitalize.
Michael Gayed
MARKETS
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