Episode #144: The Path We Take

This episode’s guest is Michael Gayed, the publisher of the Lead Lag Report and the founder of Toroso Investments where he has launched a mutual fund and multiple ETFs.

Michael has been in the investment and media world for a while now and has never seen a time like this in his career.

This episode we discuss the current state of the equity and bond markets, and how the risk on / risk off dynamic is completely disconnected from historical trends.

We talk about how tribalism has taken over the markets and everyone seems to have picked their respective cult to support.

We dive into the energy trends in the U.S. and Europe and how things may play out if demand starts to get shaky.

Lastly, we discuss how betting on yourself is probably the safest way to play the current environment, but make sure to never believe your own BS, just because you have the end point right, doesn’t mean you know the path it’s going to take to get there.