Michael A. Gayed, CFA

Portfolio Manager of The Free Markets ETF ( $FMKT ), The ATAC Credit Rotation ETF ( $JOJO ), & The ATAC Rotation Fund ( $ATACX )

[Michael A. Gayed, CFA @leadlagreport]

There’s no shame in being a broken man.

Just pick up your pieces and build again.

Get back up.

Get the fuck back up.

That’s independence.

Independence from your past.

You aren’t failing.

You’re learning what not to do.

The storm always ends.

Learn to dance in the rain.

[Michael A. Gayed, CFA @leadlagreport]

This made me cry.

It’s getting so hard on me.

What I’m building.

And I am getting closer than ever.

I can’t give up now.

[Michael A. Gayed, CFA @leadlagreport]

I’m not afraid to say sometimes I tear up reading DMs.

It’s nice to be appreciated.

[Saturnus @robert4510tse]

@leadlagreport

[Michael A. Gayed, CFA @leadlagreport]

@Barchart @xrp1313

[Michael A. Gayed, CFA @leadlagreport]

Forgive me father.

Japan will panic.

[Yuto 🇯🇵 @yutokanzakireal]

日本銀行が準備している措置は、数十億の人々の生活に影響を与えるでしょう。

西側諸国の皆様、深くお詫び申し上げます。

これは個人的な問題ではありません。

神のご加護がありますように。

[Michael A. Gayed, CFA @leadlagreport]

@yutokanzakireal

[Michael A. Gayed, CFA @leadlagreport]

@WhaleInsider @kinhgfd

[Michael A. Gayed, CFA @leadlagreport]

OIRA just queued 702 rules for repeal this year, 78 agencies deep. FY2026 projected savings: $1.5 trillion, 7x last year's total.

The single biggest line item: repealing the EPA's 2009 endangerment finding.

https://t.co/MZZnvZ0Vll

[Michael A. Gayed, CFA @leadlagreport]

Learn more about the ATAC Credit Rotation ETF $JOJO at https://t.co/GIsgDTtCRu Lead-Lag Publishing, LLC is not an affiliate of Tidal/Toroso or ACA/Foreside.

[Michael A. Gayed, CFA @leadlagreport]

Trade policy is a mess. New tariffs keep replacing old ones. Courts are intervening. Businesses can't plan. This kind of policy chaos eventually hits credit. $JOJO is designed for that moment.

[Michael A. Gayed, CFA @leadlagreport]

Learn more about the ATAC Credit Rotation ETF $JOJO at https://t.co/GIsgDTtCRu Lead-Lag Publishing, LLC is not an affiliate of Tidal/Toroso or ACA/Foreside.

[Michael A. Gayed, CFA @leadlagreport]

Tariffs. Trade wars. Geopolitical escalation. And credit spreads are still near historic lows. The market is pricing in perfection during chaos. $JOJO rotates when the signal says it's time.

[Michael A. Gayed, CFA @leadlagreport]

(4/4) Matt brings portfolio construction. Porter brings philosophy. I moderate. CE credit approved. Register: https://t.co/a58TcFGLNW

[Michael A. Gayed, CFA @leadlagreport]

(3/4) This is education, not product. A conceptual discussion of forecast-independent allocation thinking, how the original framework should be evaluated today, and what it means for advisor portfolios.

[Michael A. Gayed, CFA @leadlagreport]

(2/4) The original framing assumed stocks, bonds, gold, and cash respond to clean regime distinctions. In practice, the regimes blur. Stocks and bonds correlate. Gold trades like a risk asset. Cash regimes shift in ways Browne could not have forecast. That is the conversation.

[Michael A. Gayed, CFA @leadlagreport]

(1/4) 48 hours out. Permanent portfolio framework conversation with Matt Tuttle, Porter Stansberry, and Frances Newton of Tuttle Wealth Partners, Wednesday July 8 at 1:00 PM ET. The deeper read on where Browne's four-bucket thesis holds and where it breaks under modern conditions.

[KraneShares @KraneShares]

Dr. Xiaolin Chen recently joined @CGTNEurope to discuss China’s new outbound investment regulations.

@Dr_XiaolinChen explained that the new framework is designed to make overseas investment more transparent and structured, providing businesses with clearer approval processes and stronger support while encouraging sustainable global expansion amid a more complex geopolitical environment.

Watch: https://t.co/YbrDrt9NGq

[Michael A. Gayed, CFA @leadlagreport]

Learn more about the ATAC Credit Rotation ETF $JOJO at https://t.co/GIsgDTtCRu Lead-Lag Publishing, LLC is not an affiliate of Tidal/Toroso or ACA/Foreside.

[Michael A. Gayed, CFA @leadlagreport]

Volatility (VIX) is elevated. Equities are wobbling. And credit markets are acting like nothing is wrong. That disconnect always resolves the same way. $JOJO is built for what comes next.

[Michael A. Gayed, CFA @leadlagreport]

@BullTheoryio @kinhgfd