Reuters headlines
Reuters is reporting that bond guru Jeffrey Gundlach is looking to move into treasuries after the recent selloff. Since April 7th, the 10 year bond yield has moved from 1.6889% to 1.9342%
He also says:
- He bought small amount of guaranteed mortgages today
- It is best to buy non-US stocks because they have dropped more than US stocks
- "Helicopter money" from government is going to happen
- Expects somewhat hawkish language and fed reserves statement tomorrow on potential for rate hikes this year
Interesting to hear his final comment about the Fed rate statement. The Atlanta Fed GDP estimate moved up to 0.4% for the 1Q (from +0.3%). That is not a lot of growth. Can the Fed statement be more hawkish. He thinks so.
