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Michael A. Gayed outlines several weekly signals, noting that the lumber/gold spread has increased by 26 percentage points over the past 13 weeks.
He indicates mixed risk signals, with beta and treasury strategies turning risk-off, while the lumber/gold gauge and S&P 200-day moving average both signal risk-on. Gayed describes his tactical allocation as balanced equally between offensive and defensive positions.
Gayed has previously noted that a yen short squeeze could reverse carry trades and increase demand for U.S. Treasuries as a primary safe-haven asset. In another recent comment, he stated that Jeremy Grantham and Michael Burry achieved greater financial and personal success than their critics through their investment strategies. These statements provide further context for his current market positioning.