Jeffrey Gundlach, CEO of Doubleline Capital on his regular webcast
I give up, that's it, the guy gets his own tag.
MOAR comments:
- Says he would not invest in e-commerce stocks given strong gains
- Says 3-5 yr treasury spread suggests that interest rates should peak at current levels
- Says copper/gold ratio suggests 10-year should move to the downside, but he has limited conviction
- Says if US treasury bond prices rally, there would be a 'stampede' to cover large amount of speculative shorts
- Says he's not a fan of US corporate bonds now; junk bonds are 'highly valued'
- Says Doubleline total return bond fund keeping shorter duration than benchmark
- Says this might be a great time to buy commodities because they are cheaper
- Says the yield on bank loans is really good; likes the floating rate on those debts
- Says convertible bonds are essentially an equity investment at this point in the market; one metric shows converts are overvalued
- Says gold is a good buy at this level
- Says debt problems in Chinese financial sector are scary; better off in other emerging market countries
- Says US treasuries will stay sustainably above 3 pct once long bond breaks above 3.25 pct
Headlines via Reuters
Earlier;
