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

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