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Jeffrey Gundlach says he’s preparing for a recession and it doesn’t matter what you call it— ‘In eit

Sven
edited February 2023 in Other Investing
This article is behind a paywall. If you subscribe to Apple News, you can get access to some of them. Note that he has been calling for this for several years and he is finally got it right.
Gundlach’s status on Wall Street these days is undeniable, and he went on to dish out some advice for investors on Wednesday, arguing U.S. Treasuries may be the safe haven of choice amid a “protracted bear market” in stocks. He said that DoubleLine has incrementally increased Treasury exposure, decreased credit exposure, and upgraded the quality of its bond portfolio over the past year.
“I always say, ‘Don’t listen to what I say, look at what I do.’ And we started de-risking, if you will, in the fourth quarter of 2021,” he told Yahoo Finance, adding that he has “been preparing for a hard landing” for some time.
https://fortune.com/2023/02/23/billionaire-bond-king-jeffrey-gundlach-preparing-recession-you-need-an-umbrella/

Comments

  • CrashCrash
    Smart. Sometimes his mouth gets ahead of his brain. I held DLFNX for a few years. It became lackluster, I exited.
  • davidrmorandavidrmoran
    criminy, he and dimon (and so many others) are flogging the 'expect-inflation expectations' horse bigtime

    I wonder why ...
  • FD1000
    This is what I think about the king without clothes, Gundlach (link).
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