Michael Gayed manages the ATAC US Rotation ETF and ATAC Rotation Fund.
His ETF rotates around risk-on and risk-off assets based on the price of lumber relative to gold.
He says the lumber-price surge is ominous and offers advice on how investors can protect themselves.
The price of lumber has quadrupled from a year ago. Or, in the words of the investor Michael Gayed, it s gone the way of bitcoin.
Indeed, as May and July lumber futures on the Chicago Mercantile Exchange reached a record high above $1,600, even the crypto exchange FTX entered the game by launching a lumber-futures market on Thursday.