Michael A. Gayed, CFA

They will crash stocks to save bonds. And Japan is the mother fucking catalyst. The reverse carry trade. Watch this. Yen, Gold, Oil, XRP, and Treasuries. Like and repost if you understand this. Because if you don’t, your hamster will. Goodnight.

Learn more about the ATAC Rotation Fund $ATACX at atacfunds.com/atacx/ ATACX is distributed by Quasar Distributors, LLC. Lead-Lag Publishing, LLC is not an affiliate of Tidal/Toroso or Quasar.

Vol clusters. When it comes, it comes fast, and the door narrows. $ATACX doesn't try to predict when — it responds when the weekly signal turns.

The JOJO Index rotation is governed by a utilities-based intermarket signal from the 2014 Dow Award paper. Utilities lead broad-market risk shifts. marketvector.com/indexes/custom…

@leadlagreport Massive interventions to the yen still failing to work. USDJPY about to breakout to multi year highs again. Paul tudor jones recently said yen very undervalued. Hamster gonna stop running on the wheel soon XD

@leadlagreport Whata a fucking exquisite explanation!!!! The Hamsters are FUCKED and they're no FEW 🫡🫡

I am running a company with just one other person and 200 AI agents The work I do would normally need 15-20 people to execute on. I will not relent.

Learn more about the ATAC Credit Rotation ETF $JOJO at atacfunds.com/jojo/ Lead-Lag Publishing, LLC is not an affiliate of Tidal/Toroso or ACA/Foreside.

When spreads are at extreme lows, they have one direction to go. The question isn't if they widen. It's when. $JOJO is a way to be early rather than late.

These are your haters.

Your greatest achievement always comes after your greatest defeat. Do not relent.

Nobody wants to talk about it, but the single most important macro indicator of the last 40 years is not the yield curve, not the VIX, not even the DXY. It is the hamster wheel. Let me explain. A hamster on a wheel runs at maximum velocity, expends infinite energy, generates zero forward progress, and remains convinced he is going somewhere important. This is not a rodent. This is the S&P 500 from 2021 to 2024. The hamster does not know he is in a cage. The cage is priced in. The cage is the Fed. Now. Japan. Japan has been running the largest hamster wheel experiment in monetary history since 1990. They have kept rates at zero for so long that an entire generation of Japanese hamsters has been born, lived, and died without ever experiencing a positive real yield. The BOJ is not a central bank. The BOJ is a pet store owner who forgot which cage he was supposed to clean. The yen carry trade is literally a hamster smuggling operation. You borrow the hamster (yen) in Tokyo for free, put him on a plane to America, sell him for tech stocks, and pray Kuroda’s ghost doesn’t wake up and demand the hamster back. When he does wake up — August 2024, anyone? — every hedge fund on earth simultaneously discovers their hamster is now worth 12% more and their Nvidia calls are on fire. This is called “risk-off.” It is actually just hamster repatriation. Here is where lead-lag comes in. The Japanese hamster ALWAYS moves first. He is the world’s smallest, fluffiest leading indicator. When the yen strengthens, hamsters everywhere feel it in their tiny bones. Retail hamsters in Robinhood accounts start twitching. Crypto hamsters go quiet. The Magnificent Seven hamsters, who have been running so hard their little legs are a blur, suddenly notice the wheel is squeaking. The wheel is always squeaking. The wheel has been squeaking since 2008. We just turned the music up. People ask me: Michael, what’s the trade? The trade, my friends, is to be the guy who OWNS the pet store. Not the hamster. Not the wheel. The store. That’s private equity. That’s Blackstone. That’s why Japan keeps buying JGBs — they are not investors, they are landlords collecting rent from 126 million very polite hamsters who have agreed, culturally, to never complain about the wheel. Meanwhile in America we have decided the solution to our hamster problem is more hamsters. More ETFs. More 0DTE. More leveraged single-stock products that let you get 3x exposure to one specific hamster named Elon. I have been screaming into the void about this for a decade. The void, it turns out, was a hamster. In conclusion: •Utilities are outperforming. The hamster is tired. •Lumber/gold is rolling over. The hamster smells smoke. •The yen is at 158. The hamster has booked a one-way flight to Narita. •Everyone is bullish. The hamster is short. Be the hamster who reads the Lead-Lag Report. Not financial advice. Definitely hamster advice. 🐹🇯🇵📉

@yutokanzakireal Few.

円建てステーブルコインが登場します。 そして、利回りを提供することも認められるでしょう。

Thank you all for finally getting my humor. Know that deep down, I appreciate you and we're fucked. Few.

Will Oil make new highs?

@leadlagreport He’s terribly wrong about a lot but he’s contributed more to food/supplement supply chain conversation than anyone and generally seems like a good dude. The hate is weird.

@bryan_johnson Do not fucking relent.

The world wants me to die. My incurable disease diagnosis became global news. It was omnipresent on social media and 1,900 articles were written in a matter of days. Many were saddened. However, joy dominated the commentary. People pointed to schadenfreude, the pleasure of another's failure. Yes, there’s that. There is a special place in people’s hearts that loves to see others fail, especially when that person’s presence threatens their own psychological stability in some way or helps them feel better about themselves. But, if you look over the social media commentary about me, you’ll see that pattern: “he deserved it.” I deserved it because I challenged death. The crowd was running a deeply rooted psychological script that represents the oldest, most deeply embedded stories of human culture. This was the first story ever written down, 4,000 years ago. Gilgamesh sought eternal life after losing someone he loved, only to have the plant of youth stolen by a serpent as he bathed. Leaving him to accept his mortality. Asclepius became so skilled at rejuvenation that he raised the dead. As punishment, Zeus struck him down with a thunderbolt to enforce life and death authority. This is the story of Jesus. Pontius Pilate offered a choice between a thief and the immortalist, and the crowd demanded the execution. People need this story conclusion to keep themselves sane. The challenger must lose and the loss must appear deserved. It’s a shield of self preservation. For if death is inevitable, their existence and that of their loved ones is justified and unavoidable. If death is not inevitable, nothing about their reality is safe. I occupy the same philosophical and archetypal position as Gilgamesh, Asclepius and Jesus. This statement will draw outrage and accusations of blasphemy, hubris and narcissism. Nevertheless, it’s the pattern that has repeated itself for thousands of years. Death has been the omnipresent concern of the human race. It encapsulates our greatest fears, joy and curiosities. The discourse around it changes over time; however, the fundamentals remain unchanged. What’s different about this moment, that is unlike any other moment, is that physical death may no longer be inevitable. What if I didn’t deserve it? And what if I am your ally, and not a threat?

This man is a fucking hero.