Tag Archives: Michael Gayed

Tactical Driving

Earlier this week we ran a piece on the difference between Tactical Asset Allocation and passive investing. In this guest post,  Michael A. Gayed of Pension Partners, a Tactical asset manager, weighs in.

As we approach summer, I can’t help but think about how people drive. After all, Americans are expected to be on the road to go on vacation as the weather gets warmer. Continue reading

The Flash Crash that Caused the Flash Crash?

Michael Gayed of Pension Partners has a thought-provoking piece up on Seeking Alpha. The topic: a pattern he found that shows a smaller “flash crash” in one proxy for high yield junk debt preceded the larger equity free fall May 6. Continue reading

Why is retail up when confidence is down?

This is a guest post by Michael A. Gayed, CFA, Chief Investment Strategist for Pension Partners LLC.

There is a curious disconnect between consumer confidence and retailers.

An under-appreciated phenomenon is happening in terms of economic news and equity performance. For a moment, let’s forget about the wild swings we’ve experienced so far this year in equity markets. Forget about record low Treasury yields. Forget about debt in Europe. Let’s focus on the consumer Continue reading