Today I am reacting to the lead lag report paper written by Michael A. Gayed, about the linkage between lumber and gold and when to get aggressive vs defensive with your portfolio. 

This paper was written in 2015 and updated in 2020. It was also the 2015 NAAIM Founders Award Winner

I think there are some great insights in this paper, and something can be learned from the perspective of the retail investor. High level, the paper says when gold is outperforming lumber we get defensive, and when lumber is outperforming gold we get aggressive. I cover the key points made by the paper, then discuss how the information could be used for a retail investment portfolio, and how it can help shape your investment and savings patterns. 

This is for educational purposes only. Not investment advice.