Jeff Gundlach, the CEO of DoubleLine Capital, holds his quarterly "Total Return Webcast."
Jeff Gundlach, the CEO of DoubleLine Capital, is on Tuesday holding his quarterly "Total Return Webcast."
It's titled "Small Change." The titles usually have something to do with the tenor of the presentation, so more on that to come.
At his most recent webcast in May, Gundlach said he expected the yield on the 10-year Treasury note to rise, adding that it was not a good time to take big risks on interest rates.
Gundlach, who had forecast that President Donald Trump would win the election, also said the dollar was likely to reverse its post-election gains.
This post is being updated as Gundlach speaks. Refresh for updates.
What "small change" means.
It reflects the fact that markets have been treading water, Gundlach said. Volatility indexes for stocks and bonds are at very low levels.
It also reflects the fact that some people are trying to obstruct President Donald Trump's agenda as much as possible. "Small change is what they're looking for."
It's also a 1976 jazz album by Tom Waits.
"The officials in Europe continue to be drinking the Kool-Aid."
Federal Reserve Chair Janet Yellen is involved to a lesser extent, Gundlach said.
Here's just how low volatility is today in the context of data since 2005.
This doesn't mean that low volatility will be here forever, Gundlach said. He advised investors to diversify in stocks, but not bonds.
Jeff Gundlach, the CEO of DoubleLine Capital, holds his quarterly "Total Return Webcast." Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS