Private Credit Under Fire: Risks, Realities & the BDC Buying Opportunity
A webinar titled “Private Credit Under Fire: Risks, Realities & the BDC Buying Opportunity” will be held on April 24, 2026, to dissect the gap between negative headlines about private‑credit defaults and the sector’s solid fundamentals. Panelists from White Wolf Capital will argue that business development companies (BDCs) are undervalued, trading at roughly 0.83 times book value, and offering dividend yields above 6%. They will also compare actively managed exposure to the publicly listed LBO market with passive BDC index products, and outline positioning strategies for the remainder of 2026 amid the evolving rate cycle.
The Strait Is Open. The Crisis Isn’t.
U.S. equity indexes surged to fresh highs on Friday, with the S&P 500 closing at a record 7,126.06 and the Nasdaq extending its winning streak to 13 straight sessions. The rally was sparked by Iran’s foreign minister declaring the Strait of...
Record Highs, Record Earnings, and a Strait That May or May Not Be Open
U.S. equity markets surged to new highs, with the S&P 500 closing above 7,100 and the Nasdaq posting an 11‑day winning streak, its longest since 1992. Major banks delivered record earnings: JPMorgan posted $5.94 EPS on $50.5 billion revenue, Goldman Sachs...
The Cost of Missing One Signal
In September 2025 three of the four primary intermarket signals turned risk‑off, and the Lumber/Gold ratio had already signaled a slowdown. Paid subscribers received the signal in real time, allowing them to shift into defensive assets before the broader market reacted....
This Could Be the “Netscape Moment” For the Space Economy
The upcoming SpaceX IPO is being framed as a modern‑day Netscape moment, potentially unlocking trillions of dollars for the broader space economy. While the listing itself will draw massive institutional attention, analysts argue the real upside lies in the spillover...
PIMCO Puts Its Best Credit Manager in a CEF. The 11.6% Yield Comes With a Clock.
PIMCO’s Dynamic Income Opportunities Fund (PDO) trades at a modest 3.1% premium and delivers an annualized 11.6% distribution yield, supported by roughly 35% effective leverage. The closed‑end fund, launched in 2021, is managed by PIMCO’s top credit team, including Dan...
What 10,000 Paying Subscribers Already Know
Michael’s newsletter has attracted over 10,000 monthly paying subscribers, many of whom are financial advisors, portfolio managers, and institutional allocators. The paid version delivers a proprietary intermarket signal framework, including a weekly dashboard of four ratios, sector rotation analysis, a...
The Signal that Called the September Rotation
The article spotlights the September breakdown of the Lumber/Gold ratio as a leading signal that foreshadowed a broader equity roll‑over. This inter‑market indicator, tracked for over two decades, has consistently signaled shifts in growth expectations before mainstream gauges like the...
A Market Divided
The intermarket framework is now evenly split, with two signals reading Risk‑Off and two reading Risk‑On, marking a shift from last week’s defensive bias. The Beta Rotation signal remains Risk‑Off for a sixth straight week as utilities outpace the S&P...
The Bounce, the Barrel, and the Bet Nobody Wants to Make
The S&P 500 jumped 3.4% last week, its strongest gain since May, while the Nasdaq rose 4.4% and the Dow nearly 3%. The rally unfolded alongside a 12% weekly surge in WTI crude, which closed near $112 per barrel after...
Autocallable ETFs Are Here — And You Can Learn About Them Directly From the People Building Them
GraniteShares is hosting its first Autocallable Income ETF Seminar on April 10, 2026 at the NASDAQ MarketSite, gathering banks, market makers, and clearing firms to discuss the newly launched single‑stock autocallable ETFs TLA (Tesla) and ANV (NVIDIA). These ETFs employ...
TODAY: Major Deregulation Wave – Is Your Portfolio Ready?
Regulators announced a sweeping deregulation wave, rolling back dozens of rules across energy, finance and other industries in a single day. The move could free up trillions of dollars in compliance costs, instantly boosting corporate efficiency and profit margins. Early...
Oil, Sentiment, and the Correction That Nobody Wanted
The S&P 500 closed its fifth straight losing week, falling to 6,368.85 and slipping into correction territory. Oil prices surged, with Brent near $107 per barrel and WTI above $93, pushing the 10‑year Treasury yield to 4.44%, its highest level...
$JOJO: CE-Credit Webinar on Credit Regimes and Allocation Discipline
The CE‑Credit approved webinar on March 31, 2026, will dissect credit market regimes and their impact on allocation discipline. Hosted by Michael A. Gayed, CFA, the session outlines how spread phases create distinct risk environments and why static exposure can...
GOF's 20% Yield Is Real. The 36% Premium You Used to Pay for It Is Gone.
Guggenheim Strategic Opportunities Fund (GOF) now yields about 20.6% annualized, trading at $10.61 per share—a near‑zero discount to its $10.64 NAV. After five years of premiums that topped 36%, the premium has collapsed, offering investors a price‑aligned entry point. The...
From Digital AI to Physical AI — Portfolio Construction for a New AI Investment Cycle
A free, CE‑credit webinar on March 27 will explore how advisors can reshape portfolios for the next AI investment cycle. Host Michael Gayed and KraneShares strategist Derek Yan will examine the S&P 500’s extreme concentration—top ten stocks now hold over...
$JOJO: CE-Credit Webinar on Credit Rotation — Why Static Bond Allocations May Be a Risk
The ATAC Credit Rotation ETF ($JOJO) challenges the common belief that bond exposure should stay static, proposing a dynamic credit‑rotation framework. Portfolio manager Michael Gayed will detail this approach in a CE‑credit approved webinar on March 24, covering credit‑vs‑duration risk, utilities...
This 11% Yielder Powers AI’s Insatiable Appetite But The Leverage Makes You The Co-Pilot
The article spotlights Tortoise Energy Infrastructure Corp. (TYG), an 11.69% yielding closed‑end fund positioned to profit from the AI‑driven surge in U.S. electricity demand. Macro data shows data‑center power needs could hit 74 GW by 2028, outpacing current capacity and prompting...
Super Week Delivered. Nobody Blinked.
US equity markets experienced a sharp reversal after a brief rally, erasing much of the early‑March small‑cap gains. The Russell 2000 slipped 0.41% YTD, a 9.3‑point drop in less than two weeks, while the S&P 500 fell 3.49% to four‑month...
Defensive Tide Rising
Three of four intermarket signals have turned risk‑off as utilities outperform the S&P 500 and Treasuries attract safe‑haven flows. The S&P 500 slipped below its 200‑day moving average, triggering a shift from leveraged SSO to plain SPY exposure. Meanwhile, gold’s...
This 9% Yielder Gives You Databricks, Anthropic, And ByteDance At A 12% Discount
The BlackRock Science and Technology Term Trust (BSTZ) offers a 9% annualized yield and trades about 12% below net asset value, giving retail investors exposure to private AI leaders like Databricks, Anthropic and ByteDance. About 38.5% of its $1.7 billion portfolio...
War Premium and the Defensive Stampede
The latest Leaders‑Laggards analysis highlights a pronounced "war premium" as energy and defense equities outperform amid $100‑plus oil and deteriorating payroll data. Defensive sectors such as utilities and consumer staples are rallying, creating a clear rotation away from riskier assets....
Party Like It’s 1999? Not So Fast.
The upcoming webinar hosted by Michael Gayed and Running Oak Capital argues that its Efficient Growth strategy has outperformed the S&P 500 on a cumulative basis since 1989, notably staying flat during the dot‑com bust. Current market data shows forward...
The Small-Cap Rotation Is Real
Small‑cap indices have surged, with the S&P 600 up about 9% YTD and the S&P 400 gaining over 8%, while the S&P 500 remains flat. The rally is tied to the Federal Reserve’s easing cycle, which has lowered rates to 3.5‑3.75% and eased...
The AI Trade Is Global: Derek Yan on Dollar Weakness, EM Tech, and Hidden Concentration Risk
In this episode, host Melanie Schaefer and CraneShares senior investment strategist Derek Yan discuss how the concentration of U.S. mega‑cap stocks is driving investors to seek diversification in emerging markets (EM), especially as the dollar shows signs of weakening. Yan...
$ATACX: What Rising Volatility Means for Tactical Funds Vs. Static Portfolios
Volatility has re‑emerged as a defining feature of the current market cycle, eroding the traditional equity‑bond diversification that underpins static 60/40 portfolios. As stock‑bond correlations rise during macro stress, fixed‑allocation strategies face heightened drawdown risk. Tactical funds such as the...
Solar’s Two-Speed Rally: Utility-Scale Strength Masks Residential Fragility
Solar’s Invesco Solar ETF (TAN) has surged over 23% year‑to‑date through Feb 24, 2026, far outpacing the S&P 500’s modest 0.8% gain. The U.S. Energy Information Administration projects a record 86 GW of utility‑scale capacity additions in 2026, with solar comprising 51% of...
The Case for Regulatory Tailwinds Over Traditional Fiscal Stimulus — FMKT as a Structural Play
Policymakers are pivoting from traditional fiscal stimulus toward deregulation as the chief engine of U.S. growth, arguing it frees capacity without reigniting inflation. A landmark Supreme Court decision overturning Chevron and a 2025 executive order mandating agencies to cut existing...
Commodities, Rates, and the Repricing of Scarcity
In this episode of Lead‑Lag Live, Will Rhind, founder and CEO of GraniteShares, explains why platinum is experiencing a resurgence due to a structural supply deficit and the waning of peak‑ESG assumptions, while gold continues to hit new highs but...
Hype Vs. Deployment: Derek Yan on Humanoid Robotics, KOID ETF, and the Global AI Arms Race
In this episode, Derek Yan, Senior Investment Strategist at KraneShares, explains why humanoid robotics is moving from hype to real-world deployment, highlighting current enterprise pilots in factories and logistics that address chronic labor shortages. He stresses that investors should focus...
YYY: The Income Illusion or the Ultimate Credit Barometer?
The episode dissects YYY, an ETF that offers exposure to a rules‑based basket of high‑income closed‑end funds (CEFs) via a fund‑of‑funds structure. It highlights the layered risks of credit exposure, embedded leverage, and premium/discount dynamics, noting that performance is highly...
The Housing Inflection Point
The episode examines the current U.S. housing market inflection point, highlighting softened builder confidence, persistently tight resale inventory, and the potential impact of a credible rate‑cut cycle on margins and incentives. It discusses policy initiatives aimed at streamlining permitting and...
Engineered Income: The Hidden Mechanics Behind DNP’s Monthly Payout
The episode dissects DNP Select Income Fund Inc., a closed‑end fund that targets utilities and promises a steady monthly payout via a managed distribution plan that can draw from income, gains, or return of capital. It explains how the fund’s...
Income Investing Beyond Dividends: Incorporating Options Into Your 2026 Yield Plan
The episode explores how income investing has shifted from relying solely on dividends to incorporating options strategies like covered calls and cash‑secured puts to generate cash flow, especially from non‑dividend‑paying growth stocks. It explains the mechanics of these strategies, their...