No. of Recommendations: 8
Anyone knows Michael A. Gayed? I recently found him on Twitter (
X (Twitter): Michael A. Gayed, CFA (@leadlagreport) / X), he is a portfolio manager that relies heavily on the lumber/gold ratio. The rational is that when the economy is strong, there is more construction and lumber goes up. And when the economy slows down, so does the price of lumber.
Anyway, he tracks the lumber/gold ratio to determine if we are in a risk on or risk off period. Since I follow him (2-3 months?), he has been a good stock market weatherman and right now, he thinks the price of lumber might have reached a short term bottom, so it's risk on.
I'm new to this technical game but the indicators I have so far are also pointing up. Anyone sees it differently?
