Jeffrey Gundlach (DoubleLine Capital)

[winston]

What “Bond King” Jeffrey Gundlach is afraid of

Source: Bloomberg

http://thecrux.com/what-bond-king-jeffr ... -of-today/

[winston]

"Bond God" Jeffrey Gundlach – the founder of DoubleLine Capital who is best-known for his skill in interest-rate trades – said U.S. interest rates have bottomed.

He also reiterated his warning on high-yield (aka "junk") bonds, saying, "No one in this room has lived through a secular interest-rate rise in high-yield bonds."

Source: Srowth Stock Wire

[winston]

The 'Bond King' Jeff Gundlach says rates will actually FALL from here

by Justin Dove

Source: The Crux

http://thecrux.com/heres-where-bond-kin ... aded-next/

[winston]

Gundlach at Delivering Alpha: Fed's not hiking


http://finance.yahoo.com/news/gundlach- ... 56228.html

[winston]

GUNDLACH: This could be 'the beginning of something big' By Sam Ro

With the US economy growing at a meager 1.6% pace, tighter financial conditions may be the last thing we need.

One area of the market that does a nice job of offering a leading indication of financial conditions is the high-yield bond market. Also known as junk bonds, high-yield bonds are ones issued to companies with speculative-grade credit ratings. These companies are at higher risk of default than investment-grade companies.

Junk-bond spreads have been elevated, signaling stress in that area of lending.

During a public webcast on Tuesday, DoubleLine Capital's Jeffrey Gundlach observed that credit-rating downgrades were outpacing credit-rating upgrades.

Gundlach noted that, in the past, a tick below the blue line was "the beginning of something big."

Now, while Gundlach wasn't forecasting the market to tank, he did say that this was reason for caution from a monetary-policy standpoint.

Currently, the market is betting that the Federal Reserve will begin tightening monetary policy with an interest-rate hike in December. The risk is that the Fed ignites turmoil in the markets and is forced to loosen again.

Source: Business Insider

[winston]

'Markets are falling apart,' says Jeff Gundlach

Source: CNN Money

http://money.cnn.com/2015/12/08/investi ... -stack-dom

[winston]

'Bond God' Gundlach paints a bearish outlook for 2016

Falling commodity prices are signs of China’s weakening economy, which will lead to more destabilizing devaluations of the yuan, Jeffrey Gundlach said Tuesday.

Moves by the Federal Reserve to raise interest rates are fighting non-existent inflation and hurting gross domestic product growth, he said, adding that stocks are going to follow high-yield bonds down and low oil prices may lead to political instability.

“This is a capital-preservation market, not a money-making environment”

Source: Bloomberg

http://thecrux.com/bond-king-gundlach-p ... -for-2016/

[winston]

‘Bond God’ Gundlach: Tick, Tick, Tick…

by Justin Dove

He reiterated his negative stance on junk bonds. Despite yielding 800 basis points more than Treasurys, “do not buy a junk bond index fund,” he advised: “You’re going to end up selling it at a loss as they get more and more populated with distressed energy and mining issues.”

Gundlach was just as bearish on emerging markets… “If you’re going to do something in emerging market equities, my recommendation is to short them,” said Gundlach. “They may fall a further 40%.”

The one exception is perhaps India. Gundlach remains a staunch bull on that particular country due to the massive growth in its labor force.

“When there’s blood in the streets, buy India,” he suggested. “Maybe you can buy it now if you have a really longtime horizon, but it may get caught in the broader emerging market sell-off.”

Interestingly, Gundlach was bearish on the U.S. dollar. “Once the Fed backs off its rhetoric, the dollar will [likewise] back down.”

Source: The Crux

http://thecrux.com/gundlach-tick-tick-tick/

[winston]

Gundlach Says Financials Below Crisis Prices 'Frightening'

by John Gittelsohn

Deutsche Bank, `powerhouse' Credit Suisse cited as examples
Manager runs top-rated DoubleLine Total Return Bond Fund

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... o.headline

[winston]

Gundlach Says Dollar Will Drop in 2016

By John Gittelsohn, Rachel Evans

The euro is likely to strengthen against the dollar as the probability the Federal Reserve will increase borrowing costs at its March meeting is virtually zero, and only 50 percent for the rest of the year, he said.

Source: Bloomberg

http://finance.yahoo.com/news/gundlach- ... 11680.html