Michael Gayed, portfolio manager and founder of The Lead-Lag Report, explains market positioning amid AI-driven change. He discusses why software stocks lag, where to hide in bonds and commodities, oil and housing signals, and which sectors could win from deregulation. He warns of AI-related job disruption and highlights favored areas like emerging markets, crypto, and niche growth plays.
25:00
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Private Credit Suffered Because Software Loans Blew Up
Software sector and private credit collapsed partly because many loans were made to software companies now at risk from AI.
Gayed views software overselling as mostly justified but expects bottoming and selective rebound opportunities.
insights INSIGHT
Markets Rallied As Iran Risk Fell And Deregulation Rose
Market's recent rally reflects investor numbness to the Iran conflict and a shift back to deregulation narratives under Trump.
Gayed links the rally to a perceived deal-making/negotiation dynamic that reduced geopolitical risk premium.
insights INSIGHT
Leadership Often Shifts To The Most Lagging Areas
The market's cushion after shocks tends to show up in the most-lagging areas like emerging markets and small caps.
Gayed highlights momentum in emerging markets and small caps as potential leadership outside big-cap tech.
Get the Snipd Podcast app to discover more snips from this episode
🔒 Get 20% off DeleteMe by going to https://joindeleteme.com/DAVIDLIN and use code DAVIDLIN to protect your privacy!And 🔈 Listen to What the Hack?, an award-winning, true cybercrime podcast: https://pod.link/1571482669Michael Gayed, Portfolio Manager for The Free Markets ETF, discusses artificial intelligence, labor disruption, and shifting opportunities across stocks, bonds, and commodities.Watch Michael's last interview: https://youtu.be/cClUZ7eHZfM*This video was recorded on April 24, 2026.To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/davidcwSubscribe to my Briefs channel: https://www.youtube.com/@DavidLinReportBriefsSubscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW MICHAEL GAYED:Lead-Lag Report: https://theleadlag.report/tdlr Twitter (@leadlagreport): https://twitter.com/leadlagreportYouTube channel: https://www.youtube.com/@leadlagmediaFree Markets ETF website: https://freemarketsetf.com/FOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at david@thedavidlinreport.comDISCLAIMER: This video is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Always conduct your own research and consult a licensed financial professional before making any investment decisions.The views and opinions expressed by guests are solely their own and do not represent the views of this channel. Any forecasts or forward-looking statements are based on personal opinions and are not guarantees of future performance.This channel may include sponsors or affiliates. Their inclusion does not constitute an endorsement, and the channel is not responsible for the performance, claims, or actions of any sponsor, affiliate, or third party.No content in this video should be interpreted as a solicitation to buy or sell any securities or assets. Investments carry risk, including the potential loss of principal.0:00 - Intro.0:39 - Software stocks and the AI reckoning4:09 - Iran war and markets9:23 - Unemployment13:23 - Long duration treasuries16:01 - Gold, lumber, and broken momentum18:56 - Safe havens21:57 - Final picks#investing #economy #stocks
The David Lin Report