Gundlach

Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

US equity futures were marginally in the red, while Asian markets rose and European stocks dropped. WTI oil rose 0.61% to $42.79 as some suggest the time to go long has arrived; oil tumbled 2.3% in the previous session. The Bloomberg Dollar Spot Index fell 0.1 percent.

If BlackRock And Pimco Are Right, "Another Fed Shock Looms"

"Once bitten, twice eager sounds like a contradiction but it can often seem like standard operating procedure in global markets - just look at the money piling into bets that the Federal Reserve is going nowhere soon with monetary tightening. It’s as if the February shock - when a deluge of Fedspeak made traders realize their bets against a March hike were wrong - never happened." 

Mark Hanson: Housing Bubble 2.0 - The End Is Nigh?

"If, the past 8-years of a Fed in Armageddon-mode created the 'everything bubble', what will shifting monetary policy into reverse do to said asset price levels? ..Remember, a 'house-price recovery' and 'housing market recovery' are two vastly different things."

Gundlach: "You Should Be Raising Cash Literally Today"

"Volatility is a trade that's made a lot of money and its very very crowded, which suggests to me the days of low volatility are numbered. If you're a trader or a speculator I think you should be raising cash today literally today. If you're an investor you can easily sit through a seasonally weak period."

Fidelity Is Mining Bitcoin, CEO Abigail Johnson Admits

In what bitcoin geeks undoubtedly interpreted as a sign of bitcoin’s renewed relevance now that its price is at all-time highs, Fidelity CEO Abigail Johnson told CoinDesk’s Consensus conference that her company is now in the business of mining bitcoin.

Ray Dalio Goes Dr. Doom: "When The Next Downturn Comes, It’s Going To Be Bad"

"we fear that whatever the magnitude of the downturn that eventually comes, whenever it eventually comes, it will likely produce much greater social and political conflict than currently exists.  The idea of conflicts getting even worse in a downturn is scary.  When the next downturn comes, it’s probably going to be bad."

Gundlach: "The VIX Is Insanely Low"

"I think the VIX is insanely low. Anytime the VIX is below 10, if you could actually buy it, you should. But people can't buy the VIX. A regular Joe can't go long the VIX."