Please join us for a live webcast titled "Turning Points" hosted by:
Jeffrey Gundlach
Mr. Gundlach will be discussing the economy, the markets and his outlook for what he believes may be the best investment strategies and sector allocations for the DoubleLine Total Return Bond Fund (DBLTX/DLTNX).
Jeffrey Gundlach Total Return Webcast
Scheduled for: Thu, Sep 8, 2016 1:15 PM PDT 4:15 PM EDT 3:15 PM CDT
https://event.webcasts.com/starthere.jsp?ei=1085768@hank said
Glad I didn't follow my own advice, as I'm sitting on a double-digit return year to date. Cash wouldn't have done it. Still…
The
"lower for longer" narrative is coming back into favor after the ISM services index unexpectedly tumbled to a five-year low in August. We can add that disappointment to last week's move into contraction zone for ISM manufacturing, as well as Friday's nonfarm payrolls miss.
http://seekingalpha.com/news/3207108-string-sluggish-data-boosts-goldT.I.N.A
When weighing whether to stay in the market after the long run-up in stocks or bail for an alternative investment, people are following Tina's lead at the dance.
In investing shorthand, Tina stands for
"there is no alternative."Are you dancing in the market with Tina?
By Stephen Pounds · Bankrate.com
Read more:
http://www.bankrate.com/financing/investing/are-you-dancing-in-the-market-with-tina/#ixzz4Jc9LziJ0 Follow us:
@Bankrate on Twitter | Bankrate on Facebook
And Goldilocks continues to dream sweetly !
DEFINITION of 'Goldilocks Economy'An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. There are no exact markers of a Goldilocks economy, but it is characterized by a low unemployment rate,
increasing asset prices (stocks, real estate, etc.), low interest rates, brisk but steady GDP growth and low inflation.
http://www.investopedia.com/terms/g/goldilockseconomy.asp
GLOBAL MARKETS-Stocks edge up, yields dip on muted Fed hike expectations
By Chuck Mikolajczak Reuters September 7, 2016
NEW YORK, Sept 7 (Reuters) - A gauge of global equity markets reached its highest level in over a year on Wednesday and U.S. Treasury yields declined for a second straight session as
expectations for a interest rate hike by the Federal Reserve remained muted.The probability for a September rate hike inched up to 18 percent after the comments, from 15 percent in the prior session, according to CME's FedWatch tool, while expectations for a December increase nudged back above 50 percent.
http://finance.yahoo.com/news/global-markets-stocks-edge-yields-203007331.html@hank said Just read the Stephanie Pompoy
Is she a perpetual bear or what? The sky is falling.
What if Ms Yellen does raise rates @ Sept meeting ?
Comments
http://www.businessinsider.com/jeff-gundlach-full-presentation-september-2016-election-economy-gold-2016-9/#-39
I put a good portion of my self managed portfolio into DSENX (15%) after reading about the funds objectives and style,
@gmarceau said
Shiller's indexes almost seem like a free lunch at this point
@davidrmoran said
.." I have so much money in a fund"..
Mr Gundlach referred to investors like you guys as "sophisticated" in recognizing a smarter beta product that has delivered the return it was designed to do.He again encouraged equity investors to consider the fund. DSENX
After a mostly entertaining hour and 15 minutes he finished with "enjoy the N F L season and Go Bills ! "
@hank said
Glad I didn't follow my own advice, as I'm sitting on a double-digit return year to date. Cash wouldn't have done it. Still…
Mr Gundlach said "don't get cute and try to get every last bit of juice from the orange ".
Get more defensive with less risky assets and cash
@davidrmoran said
jeeeeeeezus, how can I have so much money in a fund where the co-manager thinks DT is going to win the election? Politics aside, what does that say about his intellect and thought processes and observational and analytical skills ?
Mr Gundlach very briefly reiterated his belief that Donald Trump is going to win.
Mr Gundlach said he has no plans to open a Long /Short bond fund and doesn't believe a fund of that nature has a place in one's portfolio because of the interest costs involved in holding the short positions.And here I bought a fund ,CRUPX, of that nature to help mitigate my perceived risks .
Mr Gundlach said that the untimely death of his colleague, Bonnie Baha, had saddened the entire firm but her spirit and legacy would be reflected in the 21 person team she had personally built from an original 4 .He sees the firm as intact in Ms Baha's vision and mission.
A note from one of Bonnie Baha's obits
.Bonnie Baha, a U.S. bond portfolio manager who helped Jeffrey Gundlach turn DoubleLine Capital into a $100 billion asset management firm, has died. She was 56.
“People don’t pay me to hope; they pay me to make an assessment,” Baha said of the trading call. “If you are managing risk by hoping that somebody is going to buy Lehman Brothers or whatever other bank is in trouble, you’re not really doing your job.”
http://www.bloomberg.com/news/articles/2016-08-22/bonnie-baha-doubleline-s-head-of-developed-credit-dies-at-56
Thanks for report. Hardly know what to think.
- Reiterated that 2% on the 10yT may be a buy, but probably not for the long term.
- The place to take credit risk now is in non-agency mortgages.
- DBLTX is about as defensively positioned as it's ever been against rate risk - duration of ~ 2, distribution yield of 3.7%.