Michael Gayed | TalkMarkets | Page 1
Chief Investment Strategist at Pension Partners, LLC
Michael A. Gayed, CFA is the Chief Investment Strategist at Pension Partners, LLC. As Chief Investment Strategist, Michael helps to structure portfolios to best take advantage of various strategies designed to maximize the amount of time and capital spent in potentially outperforming investments. ...more

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Week In Review: The Path Matters More Than The Destination
Whenever I see headlines that read “stocks hit new highs,” I tend to cringe. Stocks are not hitting new highs. A particular index, the S&P 500, is.
ATAC Week In Review: Fear Lower Oil
Large-cap stocks held on to moderate gains as the average stock was flat to down in a week that on the surface looked uneventful, but from a sector standpoint had important movements take place.
ATAC Week In Review: Anger From The Rearview
It is quite common for people to focus their entire lives honing in on their craft and profession, working tirelessly to build up a nest eggs through years of labor, only to spend a couple of minutes looking at their finances and understanding the investment management process.
ATAC Week In Review: Volatility, Corrections, And The Vicious V
If someone has a strategy that tries to take advantage of a market anomaly, and signals are right every time, how do investors react to the hot hand? Simply put, they allocate assets to it.
ATAC Week In Review: Vicious V, Or Potential W?
The underlying problem with this environment remains the disconnect between stocks and inflation expectations, now a global problem with Europe one shock away from Japan-style secular deflation.
ATAC Week In Review: The Real Correction To Come
A volatile week for equity investors as small-cap stocks closed nicely positive, large-caps languished, the VIX popped and dropped, and Treasury yields collapsed, only to rise following the largest one day decline in rates since 2011.
Everyone Is A Weak Hand
The real source of risk for equities remains potential panic selling to come in Junk Debt, punishing the bubble theme of searching for yield without regard for risk.
ATAC Week In Review: The Bull Of Buy Low Sell High
Excuse my frustration, but whenever someone claims that they “buy low, sell high,” I roll my eyes. I’ve been on the road for the better part of two months speaking with advisors, traders, and analysts presenting our award winning research to CFA and MTA chapters.
Inching Towards The Great Epiphany
Large-cap stocks made new all-time highs as emerging markets and small-caps failed to continue rolling momentum, at the same time the US Dollar surged.
ATAC Week In Review: The Risk-Off Setup Arrives
Last week several important things began happening from an intermarket standpoint, which make me even more excited for normalcy to come and for the potential of our own strategies to perform strongly.
ATAC Week In Review: The Bull’s Self-Delusion
Equities and Treasuries closed August having one of their best months of 2014 respectively, as bonds continue to price in global deflation at the same time equities completely ignore that possibility.
What Can Break Treasuries
Stocks rallied as yields nudged higher following the prior week's break in market internals as tensions "eased" in the Ukraine and markets continued to disregard any kind of warning signs that things could get more challenging.
Now It Gets Interesting
Something fairly significant happened last week which could have meaningful implications on market movement into the end of Quantitative Easing.
ATAC Week In Review: Now It Gets Interesting
Something fairly significant happened last week which could have meaningful implications on market movement into the end of Quantitative Easing.
ATAC Week In Review: The Greatest Mistake Investors Make
US equities mostly rose last week after a volatile ride while at the same time emerging markets closed marginally lower.
ATAC Week In Review: The Greatest Mistake Investors Make
US equities mostly rose last week after a volatile ride while at the same time emerging markets closed marginally lower.
1 to 16 of 18 Posts