- Hosting a webcast last night, Jeff Gundlach says we're about to enter an era of quantitative tightening, and expects the return on the S&P 500 this year will be negative.
- He doesn't discount that stocks could still have a massive rally to begin 2018, but the later decline should wipe out all of that and more. By Gundlach and team's calculation, the combined balance sheets of the Fed and ECB will begin to shrink in July. DoubleLine is telling clients to sell shares if the 10-year Treasury yield breaks above 2.63% (it's up to 2.60% this morning).
- Commodities (DBC, DJP, GSG), on the other hand, may be breaking out, and he expects the class to be one of the best investments this year.
- Bitcoin? "The high is in."
- ETFs: AGG, BND, PTY, BOND, CRF, RCS, USA, SCHX, BTZ, DBL, ZF, PCM, SCHZ, VV, BHK, SPAB, JHI, INC, FEX, IUSB, JKD, AGGY, FBND, JMM, VBF, EQL, EEH, ICB, TAI, PAI, IWL, GTO, SAGG, FWDD, AGGP
- Now read: Commodities - Recap Of The Week For Jan. 5, 2018
Original article