Gundlach

Soothing Fed Sends Global Stocks, US Futures, Commodities Higher

Following the Fed's "hawkish hold" and the BOJ's "confused contradiction", global risk (and non-risk) assets got the green light, and as a result stocks and bonds rallied in Asia and Europe, with US equity futures rising another 0.4%, advancing with oil and industrial metals, as iron surged in Chinese trading.

Frontrunning: September 13

  • IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017 (BBG)
  • Futures dip with oil as investors assess rate hike chances (Reuters)
  • Hilsenrath - Divided Federal Reserve Is Inclined to Stand Pat (WSJ)
  • 'I didn't think it was a big deal,' Clinton says of pneumonia bout (Reuters)
  • Clinton's Lead Narrows Among Independents, Voters Nationally (NBC)
  • Libor’s Reaching Point of Pain for Companies With Big Debt Loads (BBG)

"Out Of Nowhere, Investing Feels Fun Again"

Analysis of the ECB ran the gamut from out of weapons to preparing a radical new shift. His comments on G-20 fiscal spending is raising eyebrows. No one setting Japanese policy seems on the same page. Carney is “serene,” which is nice but uninformative. Everything, suddenly, seems a bit up in the air.

"This Is A Big, Big Moment" - Gundlach Warns Yellen May Surprise Markets

In his presentation titled appropriately "Turning Points" (presented below) Gundlach said that “this is a big, big moment," predicting that “interest rates have bottomed. He also said that the Fed "wants to show that they are not guided by the markets" and that "they can’t be replaced by WIRP." A Fed surprise would send rates spiking, and Gundlach warns the 10Y may close 2016 at 2% or higher.

And The Fed Wants To Raise Rates When?

For the sixth year running, exuberant GDP growth projections have been drastically marked down to a new normal low. But this year is different, not only have 2016 GDP growth expectations been marked down to post-crisis lows, but The Fed - in all its wisdom - is determined to raise rates (twice if you believe them) because, in their own wordsthe economy is in good shape and headed in the right direction..."

Is Gundlach Still Bearish? Ask Him In His Latest DoubleLine Webcast - Live Feed

The higher the market goes, the more bearish DoubleLine's "bond king" Jeff Gundlach seems to get. And yet stocks keep going higher (thanks to central banks). So have the new S&P500 all time highs dented Gundlach's skepticism? Ask him yourself during the Q&A in his latest "asset allocation webcast" set to start momentarily.

Jim Rogers Explains What He Is Doing Before "The Next Time The World Comes To An End"

One week after RealVision brought us the latest Jeff Gundlach interview, in which the DoubleLine bond king explained why he is now "100% net short", on Friday Grant Williams interviewed Jim Rogers, in which George Soros' former partner (the two co-founded the Quantum Fund in 1973), is about as gloomy, warning "the next time the world comes to an end, it's going to be a bigger shock than we expect."

Jeff Gundlach Explains Why He Is Now "100% Net Short"

"I've been net short all year. The US stock market bid my macro fund and I'm doing great. I'm not having trouble at all making money on the short side. In fact, my longs are probably bringing the performance down. Because I'm net short 100%."