The Lead-Lag Report

Developed from award-winning market research, The Lead-Lag Report gives you powerful market insights to improve your long-term investment strategy.

Discounted but Not Doomed: Five BDCs Built for Survival

The Business Development Company (BDC) sector has had a rough ride in 2025.

10-14
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Utilities’ Outperformance Vindicated Amid Diverging Markets and Tariff Noise

My 2014 study showed that utilities do better than other stocks in the weeks leading up to vol spikes, providing an early warning smart money is getting ready for a move to defense.[1] Friday’s sell-off (Oct.

10-12
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When Volatility Wakes Up

Markets finally received the wake-up call they had been ignoring.

10-12
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$FMKT: How Deregulation Is Powering Digital Healthcare Through Hims & Hers Health

Imagine solving a personal health issue without ever stepping into a doctor’s office.

10-11
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$KSLV: The ETF That Makes Silver Shine Brighter for Income Investors

The Kurv Silver Enhanced Income ETF (KSLV) is a recently launched exchange-traded fund designed to provide investors with exposure to silver while generating monthly income.

10-10
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Japan’s New Prime Minister Wants to Control the Central Bank — What Could Go Wrong

The past week underscored an extraordinary divergence between darkening economic data and buoyant financial markets.

10-10
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$FMKT: Why Deregulation Has Joby Aviation (JOBY) Flying High in The Free Markets ETF

Imagine skipping rush-hour gridlock by boarding a quiet electric aircraft that lifts off from a downtown rooftop.

10-10
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$JOJO: Why Fed Rate Cuts Can Benefit Treasuries but Stress Junk Bonds

When the Federal Reserve begins cutting interest rates, it often feels like a long-awaited relief.

10-09
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The Forgotten Sector Set for a Comeback: 4 Mid-Cap Materials Stocks Ready to Break Out

Over the past 12 months, the Materials sector has trailed the broader U.S.

10-08
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From Inception to Outperformance: How $FMKT Has Differentiated Itself

An ETF designed to provide exposure to companies that may benefit from deregulation

10-08
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Record Leverage, Record Calls, Zero Fear — Volatility Could Explode At Any Moment

The CBOE Volatility Index (VIX) has stayed relatively tranquil in the mid-teens over the past month, dipping below 14-15 in mid-September and just settling around 16 as October started.¹ This sort of quiet is staggeringly complacent.

10-07
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Gold’s ‘Risk-Off’ Is Broken—Or Is It? The Mania Masking a Market Warning

Gold has long been seen as the ultimate risk-off asset — it climbs when markets tumble.

10-06
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No Landing: The Economy That Never Slowed Down

For more than two years, the traditional financial media focused nonstop on what kind of “landing” the US economy would go through as higher interest rates worked their way through the system.

10-04
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The 7% Solution: Why DIVP Could Be the Smart Income Play for a Value-Starved Market

A Look At The Cullen Enhanced Equity Income ETF (DIVP)

10-04
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Utilities’ Strength Signals Short-Term Volatility Ahead

My award-winning research from 2014 showed that utility stocks typically outperform the broader stock market in advance of market volatility.

09-28
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Value Story Starting To Play Out

Below is an assessment of the performance of some of the most important sectors and asset classes relative to each other with an interpretation of what underlying market dynamics may be signaling about the future direction of risk-taking by investors.

09-26
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