Michael A. Gayed: "Few" Have More Passion For Markets

Jul 23, 2025

Michael A. Gayed, founder of the Lead Lag Report and creator of the Free Markets ETF, shares his insights on how deregulation impacts various sectors. He discusses the significance of current economic factors like the Japanese yield curve and the US debt. Michael reflects on his personal journey shaped by his father and his new health regimen. He dives into the evolving landscape of market strategies, the potential for increased volatility, and the roles of banks and alternative assets like crypto and gold in this dynamic economy.

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ANECDOTE

Michael's Family Market Roots

Michael Gayed inherited his passion for markets from his father, who worked at Merrill Lynch and was deeply engaged in technical analysis and markets history.
This familial exposure at the dinner table and work environments greatly influenced Michael's career choice and enthusiasm for investing.

INSIGHT

Deregulation as Market Condition

Deregulation acts as a condition for companies to thrive by boosting efficiency and margins rather than just a simple sector call.
Short-term market inefficiencies allow skilled stock pickers to capitalize on deregulation even if some news is priced in.

ADVICE

Leverage Content to Raise Funds

Channel your content and influence to help fund issuers raise assets in today’s competitive market.
Build credibility and provide services that connect asset managers and RIAs without relying heavily on wholesalers.

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Danny Moses is joined by Michael A. Gayed, founder of the Lead Lag Report, to discuss his new venture, the Free Markets ETF, which focuses on stocks benefiting from deregulation. The conversation covers a range of topics including the Japanese yield curve, the US debt and the Federal Reserve, and the potential impacts of deregulation on various sectors. Michael also discusses his personal journey, including his father's influence and his recent health regimen involving fasting. The episode delves into the role of banks in supporting the US Treasury, the nuances of private credit, and the future outlook for crypto and gold. Michael shares insights on the potential for increased market volatility due to deregulation and the challenges of managing funds in an unpredictable economic environment.

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For decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners.

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