Michael A. Gayed, CFA, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment adviser which manages a mutual fund and separate accounts according to its ATAC (Accelerated Time and Capital) strategies focused on inflation rotation. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered investment advisory firm that managed equity portfolios for large institutional clients. In 2007, he launched his own long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies. Follow him on Twitter @pensionpartners and YouTube at youtube.com/pensionpartners.
The current housing weakness suggests the efficacy of the Fed's quantitative easing is on shaky ground.
Given continued weakness against the dollar, I am still stressing caution in stocks here.
The bulls forget there were two corrections in 2012 despite it being the best year for equity averages since 2009.
The greenback is climbing even as sequestration looms, so we a risk-off trend may be on its way.
Michael Gayed, CIO and Co-Portfolio Manager, ATAC Inflation Rotation Fund, says that while there has been a lack of direction in the market, some risks could remain.
An indication of the overall direction of risk currencies and safe havens.
Energy continues its ascent while gold and silver capitulate. A sharp bounce for the losers may be in the cards.
If you're turning negative on global markets, the pound could be an interesting long trade.
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