Loading...
Most Recent Stories

KEY TAKEAWAYS FROM THE GUNDLACH CONFERENCE CALL

Jeff Gundlach just wrapped up another conference call and he made some good (and bad) insights.  Here are the key takeaways:

  • He says Greece is likely to leave the Euro as the situation continues to spiral out of control.
  • Spanish equities are a decent risk-on asset if you have to choose something in Europe.  But he’s not sure if you’ll make money….
  • He seems to be joining the Kyle Bass team with regards to Japan’s debt situation….
  • Germany is near a recession.
  • The long natural gas, short Apple trade has performed well so far….
  • QE3 is more likely after recent economic data.
  • Keep an eye on the week of June 18th where we have a big Fed meeting, another European leader’s conference and implementation of the Volcker Rule.
  • The Fed won’t raise rates unless CPI gets very high.  He says those who think we’re reliving the 70’s are wrong.  “It’s not gonna happen”.
  • He says housing in the USA has not bottomed even though it’s becoming fashionable to call the bottom now.  Housing will “bumble along”.
  • There’s not a great deal of downside in 10 year yields….
  • Gold is a reasonable thing to own here….

Comments are closed.