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Gundlach says "get out" of junk bonds

Stock MarketsJan 08, 2019 05:42PM ET
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© Reuters. Gundlach says "get out" of junk bonds
  • DoubleLine founder and CEO Jeffrey Gundlach sees "real potential for negative surprises" in corporate credit.
  • "Investors need to go to strong balance sheets. This will be the way to survive the zigzag of 2019."
  • He recommends getting out of junk bonds. "Use the strength of junk bonds as a gift and get out of them," he said.
  • The S&P 500 could zigzag for much of the year, and he sees a kind of tug-of-war between stocks and bonds.
  • As for the 2s10s yield curve, "I'm of the belief that the yield curve will steepen."
  • Emerging markets will outperform the S&P 500 if the dollar weakens and he expects the dollar to weaken.
  • "I still think Europe is a value trap."
  • With "an explosion of national debt in a growing economy," Gundlach asks, "Are we really growing at all, or is it just all debt-based?"
  • Doesn't recommend anything on Bitcoin, but "Bitcoin can easily make it to $5,000."
  • High-yield ETFs: HYG, JNK, DHY, HIX, EAD, PHT, HYT, HYLD, JQC, ACP, ANGL, CIK, MCI, DSU, SJB, KIO, NHS, CIF, ARDC, IVH, GGM, AIF, MPV, FHY
  • Yield-curve ETFs: STPP, FLAT
  • Now read: Weekly Review: High-Yield CEFs - Buy This 8.90% Yielder At A 12.30% Discount


Original article
Gundlach says "get out" of junk bonds
 

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