Comments from Gundlach crossing the wires (Bloomberg)

  • Enthusiasm on Trump economy needs to be rolled back
  • Debt to GDP ratio among the key Trump/Reagan era differences
  • No Trump magic wand bring back manufacturing jobs
  • If rates go to 6% in 3 to 4 years, beg expense problem
  • Expect stocks to fall around inauguration day

More:

  • 10-year Treasuries over 3% would hurt stocks, housing, binds
  • Above 3% means a junk bond black hole
  • 10-yr may reach 3% by the end of 2017
  • Bond bull market is over at 3% on 10-yr

Jeffrey Gundlach is the founder of DoubleLine Capital

What say FXL traders - agree with Mr. G's points? Disagree? DGAF, heading off for some holidays?