Jeffrey Gundlach, DoubleLine Capital's chief investment officer in Los Angeles, used the Sony Conference Conference in New York to recommend the SPDR S & P Exploration & Production ETF and shorten Facebook Inc. as a relative (19659003) ) "Some people believe that inflation should not go into recession, but in fact the opposite is true," said Gundlach. "One should expect commodities to make a big profit in the next recession."
As Facebook is increasingly becoming the focus of attention, there is increasing talk about the regulation of social media companies. According to fund manager, who is also Chief Executive Officer of DoubleLine, stock bubbles are often triggered by regulation. The Los Angeles-based company oversaw approximately $ 1
"There is good and bad in the world," Gundlach said via social media and Facebook boss Mark Zuckerberg's apology for the recent controversy over personal data users. "Interpretations are important."
Gundlach made raw materials one of his favorite investments this year because they historically recover historically in the economic cycles. He suggested using the leverage effect for the most recent posted trade, which he described as rather risky.
At last year's Son's Conference, Gundlach proposed a long-term trading on the iShares MSCI Emerging Markets fund, while the SPDR S & P 500 ETF was short-circuited. The bet would have until April 20 achieved a profit of about 13 percent, without cost.
Gundlach reiterated on March 13 that he expects the S & P 500 Index to fall this year, especially as 10-year US Treasury yields move above 3 percent. The 10-year returns reached 2.96 percent on April 20, the highest since January 2014 and rose again today.
The money manager has warned that US yields will rise as deficits rise and the Federal Reserve reduces its balance sheet. German interest rates could also rise as economic growth continues and the European Central Bank selects its easing policy.
While DoubleLine is predominantly a fixed income investment firm, Gundlach also operates other funds that hold various assets reporting more on the son conference, read our TOPLive blog here.