c8alpha
Investors / stance tracking

What Jeffrey Gundlach is saying

CEO/CIO, DoubleLine Capital

191 dated public stances tracked since 2013-05-29, most recently 2026-08-03. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.

The stances below are c8alpha's editorial distillation of Jeffrey Gundlach's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Jeffrey Gundlach is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.

Think we got something wrong? Report a misattribution — we correct it or take it down.

191
tracked stances
56
themes
6
side flips
2026-08-03
last heard
Returns  90d +0.9% (n=138) · 180d +1.4% (n=105) · 1y -0.3% (n=43)

Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.

View flips

Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.

GOLD — bearish2026-04-29 → bullish2026-08-03
USTS — bearish2026-03-31 → bullish2026-08-03
Long Dur Treasuries — bearish2026-06-12 → bullish2026-06-18
GOLD — bullish2026-03-31 → bearish2026-04-29
USTS — bullish2025-12-10 → bearish2026-01-29
Long Dur Treasuries — bullish2023-03-02 → bearish2023-10-18

Most-argued themes

ThemeStancesLeanMixLast
Long Dur Treasuries172 bullish / 15 bearish2026-06-18
GOLD1514 bullish / 1 bearish2026-08-03
USTS147 bullish / 3 bearish / 4 neutral2026-08-03
SPX1212 bearish2026-06-18
USD1111 bearish2026-07-29
Commodities Broad1010 bullish2026-08-03

Tracked stances

bullish / bearish is a view they argued; owns / short is a position they said they hold.

2026-08-03 Private Credit bearish Jeffrey Gundlach · video
Private credit funds are masking severe loan-level losses through stale marks — a 23-point fund markdown implies some portion of the portfolio must be near or at zero when spread across hundreds of loans, and insurance-company need-based investing has…
“If it's a quarter of the loans, that means the other 25% are worth eight... some have to be worth close to zero”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 TIPS bullish Jeffrey Gundlach · video
Five-year TIPS break-evens are pricing roughly 2% inflation, which Gundlach believes materially underestimates the inflation path given commodity prices, Fed hesitancy, and ongoing deficit spending, making short-duration TIPS cheap on real yield terms
“I'm taking the over on that... tips make a lot of sense and they certainly make a lot of sense for low duration money”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 GOLD bullish Jeffrey Gundlach · video
Gold has pulled back to ~$4,000 from a $5,500 peak and technicals show commodities respect chart levels well; current level is a decent entry and a further decline to $3,500 would trigger maximum bullish conviction
“I think gold has a shot of getting close to 3500. If it got to 3500, I'd turn maximum bullish on it”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 EMERGING MARKETS EQUITIES bullish Jeffrey Gundlach · video
EM equities trade at a deep price-to-book discount to the S&P 500 that has historically converged and would imply 100% outperformance if it does again; EM has already stopped underperforming, satisfying Gundlach's rule of waiting for cheapness to stop getting…
“I think emerging markets will ultimately end up with a price to book ratio that's equal to the S&P 500, which would mean 100% outperformance”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 OIL bullish Jeffrey Gundlach · video
US and allied strategic petroleum reserves have been drawn down by hundreds of millions of barrels during the ongoing war, creating a structural replenishment bid that establishes a firm floor around $60 and supports prices moving toward $90
“I think we're at 85 and a half, heading to 90... if oil got down to 60 I think there would be a big wave of buying to replenish these stockpiles”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 RMBS bullish Jeffrey Gundlach · video
Massive home equity accumulation has made default risk in legacy RMBS near-zero while short-to-intermediate duration keeps the portfolio off the punishing long end of the curve, making these structured products safer than Treasuries on a risk-adjusted basis
“I think they're safer than treasuries. The home prices have gone up so much you have to be dumb as a stone to default”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 USTS bullish Jeffrey Gundlach · video
The riskiest borrowers have migrated out of public high yield into private credit and bank loans, leaving the public junk bond market in comparatively better credit shape and making current tight spreads more defensible than historical comparisons suggest
“I'm more optimistic about the junk bond market, the public junk bond market... it's a way of getting yield and avoiding something that could really blow up”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 Commodities Broad bullish Jeffrey Gundlach · video
Commodities have been the top-performing asset class since both the June and December Fed meetings; the Bloomberg Commodity Index pulled back precisely to its 200-day moving average and has rocketed back toward prior highs, with persistent inflation and oil…
“Since December's Fed meeting, by far the number one of all these asset classes is the Bloomberg Commodity Index”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 long USTS / short USTS spread Jeffrey Gundlach · video
The 2s30s Treasury curve is set to steepen further toward the 150bps long-term average as the Fed's failure to act on inflation forces the long end higher while near-term hike probability anchors the short end
“I believe 2's 30s will go to 150, which is the long-term average”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-08-03 long SPX / short SPX pair Jeffrey Gundlach · video
Equal-weighted S&P 500 will outperform market-cap-weighted as the AI/mega-cap mania unwinds and passive funds become a price-insensitive dumping ground for overvalued AI IPOs like SpaceX, OpenAI, and Anthropic that are being fast-tracked into indices
“I'm much more in favor of equal weighted benchmarks than I am of market cap weighted”
Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard
2026-07-29 USD bearish Jeffrey Gundlach · video
Growing US fiscal deficits and the Fed's delayed rate normalization will ultimately overwhelm the near-term war-driven dollar bid, driving the dollar structurally lower over the coming years
“I still think the dollar must go lower looking out a few years”
Jeffrey Gundlach on the Fed: Talk Is Cheap | CNBC
2026-07-29 long USTS / short USTS spread Jeffrey Gundlach · video
Fed credibility loss during the press conference combined with mounting US fiscal deficits and Social Security funding pressures are pushing long-end yields toward mid-5%, while the 2-7 year belly offers yield without the same duration risk
“long rates could very well be moving up into the mid-fives by the next press conference”
Jeffrey Gundlach on the Fed: Talk Is Cheap | CNBC
2026-07-29 long Investment Grade Credit / short USTS pair Jeffrey Gundlach · video
Rating agencies are being gamed across new-issue bonds that instantly trade at CCC levels despite IG ratings, and AI/hyperscaler CDS spreads have moved sharply wider, making a quality spread — long IG/BB over CCC — the correct defensive positioning
“I want to stay...triple-B and higher...stay out of the C category completely”
Jeffrey Gundlach on the Fed: Talk Is Cheap | CNBC
2026-07-29 long SPX / short SPX pair Jeffrey Gundlach · video
Cap-weighted passive investing has become a valuation-insensitive dumping ground for AI IPOs — passive buyers are structurally forced to absorb whatever enters the index regardless of price — making equal-weighted S&P exposure superior on a risk-adjusted basis
“passive investing is a trap right now...do equal-weighted investing...not the cap-weighted basis”
Jeffrey Gundlach on the Fed: Talk Is Cheap | CNBC
2026-06-18 SPX bearish Jeffrey Gundlach · video
Near-50% index concentration in 10 names combined with the funding burden of the AI capex cycle represents the unpriced back side of the earnings story that drove the rally.
“I don't really like the US market here. I think it's very very high”
Jeffrey Gundlach on Kevin Warsh and a New Era at the Fed | CNBC
2026-06-18 Long Dur Treasuries bullish Jeffrey Gundlach · video
Warsh's credible commitment to price stability removes the over-easing pressure that was driving long-term yields higher, providing better support for the long bond than the cutting cycle did.
“the long bond is better supported for the time being as he tries to work towards that lower inflation rate”
Jeffrey Gundlach on Kevin Warsh and a New Era at the Fed | CNBC
2026-06-18 Em Equities bullish Jeffrey Gundlach · video
Dollar stability (sideways rather than strengthening) has been sufficient to fuel EM outperformance, and structural catalysts in select countries extend the relative edge over US equities.
“I'm much more interested in non-US markets particularly in the emerging market names”
Jeffrey Gundlach on Kevin Warsh and a New Era at the Fed | CNBC
2026-06-18 USTS neutral Jeffrey Gundlach · video
EM local currency bonds have been the best-performing asset class year-to-date for dollar-based investors, driven by dollar sideways action rather than outright weakness, a condition likely to persist.
“emerging market local currency bonds are the best performing for dollar-based investors year-to-date”
Jeffrey Gundlach on Kevin Warsh and a New Era at the Fed | CNBC
2026-06-18 long US EQUAL-WEIGHT / NON-MOMENTUM EQUITIES / short US LARGE-CAP MOMENTUM / CAP-WEIGHTED INDEX pair Jeffrey Gundlach · video
Within US equities, non-cap-weighted and non-momentum names are positioned to rotate into leadership as the AI capex funding burden weighs on the hyper-concentrated mega-cap momentum trade.
“I own things that are not momentum base or not cap weighted, but I think it's time for that to be more of a leader”
Jeffrey Gundlach on Kevin Warsh and a New Era at the Fed | CNBC
2026-06-12 Long Dur Treasuries bearish Jeffrey Gundlach · video
30-year Treasury yields are at 20-year highs and structural fiscal pressures (Social Security insolvency by ~2029, rising entitlement costs) will prevent meaningful rate declines even in a recession or if the Fed cuts
“I believe that 30-year rates will not see significant downward movement even if the economy goes into recession”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 AI BIG 10 / US MEGA-CAP TECH CONCENTRATION bearish Jeffrey Gundlach · video
10 AI stocks represent 41% of S&P 500 market cap — matching dot-com tech/telecom concentration — and the concentration metric is already rolling over; concurrent SpaceX/$1.8T IPO wave signals insiders selling at the top of a hype cycle
“this is a very bad time period to be doubling down on this concentrated type of portfolio”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 SPX bearish Jeffrey Gundlach · video
US equities trade at P/B of 5.7x vs 2.39x for ex-US, a gap wide enough to nearly match historical parity; extreme valuation concentration is already reversing as AI Big 10 leadership deteriorates
“I would bet very heavily that that is going to continue in the years ahead”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 GBI bullish Jeffrey Gundlach · video
EM local currency bonds have outperformed US corporate bonds for four years driven by dollar weakness; with the dollar continuing to fall the relative return advantage persists
“emerging markets have now been outperforming corporate US corporate total return debt for now the better part of four years”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 SOX bearish Jeffrey Gundlach · video
April 2026 was the largest monthly gain ever for the Philadelphia Semiconductor Index, directly paralleling February 2000 — which was the literal top of the NASDAQ bubble — suggesting semis are a warning sign of a broader market peak
“month of April biggest month ever, very similar to February 2000 which was literally the top in the stock market”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 MSCI bullish Jeffrey Gundlach · video
Falling trade-weighted US dollar historically drives EM equity outperformance vs S&P 500; dollar weakness is expected to persist, and EM is already at relative highs vs the S&P on a rolling 18-month basis
“Since the dollar is falling and I believe will continue to fall, we would expect emerging markets outperforming the S&P 500”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 USD bearish Jeffrey Gundlach · video
Structural forces including US fiscal deterioration and extreme US equity overvaluation relative to the world are weakening the dollar; the falling dollar is the mechanical driver behind EM outperformance he is recommending
“the dollar is falling and I believe will continue to fall on a trade weighted basis”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-06-12 Data Center Reits bearish Jeffrey Gundlach · video
Data center construction has surged parabolically since ChatGPT (2022) and crossed above office construction, signaling overbuilding; the coming surplus will trigger a bust in the AI hype cycle that has been driving equities
“there is going to be a surplus an overconstruction in these data centers and that is going to lead to a bust in the hype cycle”
Gundlach Unlocked: Positioning for Higher Rates and Persistent Inflation
2026-05-14 USTS neutral Jeffrey Gundlach · video
Poor-quality leveraged borrowers have migrated out of the public high yield market and into private credit, leaving HY at its best-ever credit quality relative to pre-GFC
“the high yield market is way better than it was pre-GFC”
Jeffrey Gundlach at Milken: Financial Alchemy and the Erosion of Trust
2026-05-14 FED FUNDS RATE / SHORT US DURATION bearish Jeffrey Gundlach · video
Odds of a Fed rate hike in 2026 exceed odds of a cut, invalidating rate-cut-dependent bull theses for risk assets and adding refinancing stress to private credit portfolios
“I'd bet more on a hike than a cut”
Jeffrey Gundlach at Milken: Financial Alchemy and the Erosion of Trust
2026-05-07 Commodities Broad bullish Jeffrey Gundlach · video
Broad commodities are at new highs, above all moving averages, with upward pressure from oil and food commodities that haven't yet filtered through, making a ~20% real-asset allocation appropriate
“it's new high, it's above all moving averages, so many commodities are under upward pressure”
90d -5.9%
Gundlach Warns About the Risks Facing Private Credit
2026-05-07 CASH bullish Jeffrey Gundlach · video
With risk asset valuations very high, no Fed rate cuts likely in 2025, and fixed income yields still elevated, holding ~20% cash preserves optionality to deploy at lower valuations
“you can deploy it at lower valuations on risk assets and higher yields on fixed income”
90d +0.9%
Gundlach Warns About the Risks Facing Private Credit
2026-05-07 USTS neutral Jeffrey Gundlach · video
Private credit stress has not yet spilled into public high yield as theorized by private credit bulls, with spreads back near lows, but contagion remains a future risk if redemption pressure intensifies
“The high yield market isn't in trouble. The spreads have tightened right back down”
Gundlach Warns About the Risks Facing Private Credit
2026-05-07 Long Dur Treasuries bearish Jeffrey Gundlach · video
Long rates will continue rising even in a recession because fiscal concerns over surging interest expense will overwhelm Fed easing, as evidenced by 100bp rise since September 2024 cuts began
“since the Fed started cutting in September 2024, the long rates are up 100 basis points”
Gundlach Warns About the Risks Facing Private Credit
2026-05-07 Private Credit bearish Jeffrey Gundlach · video
Opaque mark-to-market practices, laundered volatility, and a trust breakdown are causing accelerating redemption requests that will force further NAV markdowns and de facto defaults in private credit funds
“I use the analogy of the Wild West... a sufficient fraction of them are rapscallions”
90d -4.5%
Gundlach Warns About the Risks Facing Private Credit
2026-04-29 GOLD bearish Jeffrey Gundlach · video
After a near-vertical rise from ~3,500 to ~5,500, gold is technically exhausted and likely to retrace below 4,000 before resuming its longer-term uptrend, offering a better entry point later.
“I wouldn't be surprised if gold went down below 4,000 before resuming its rise higher”
90d +11.5%
Jeffrey Gundlach: Beware the Ides of June | CNBC
2026-04-29 Commodities Broad bullish Jeffrey Gundlach · video
The ongoing war is sustaining an oil price shock that will keep energy-driven commodity strength intact well beyond what markets are pricing, making broad commodity exposure the top-performing traditional asset class in 2026.
“investors should hold on to commodities at this point in time”
90d -8.0%
Jeffrey Gundlach: Beware the Ides of June | CNBC
2026-03-31 SPX bearish video
US equities at more than double the price-to-book of rest-of-world equities represents extraordinary overvaluation; 'US exceptionalism' is just a description of past outperformance, not a forward guarantee
“the US has outperformed. When people say US exceptionalism, it means the US markets have outperformed foreign markets”
90d +14.2%
2026-03-31 USTS bearish video
Private credit defaults will cascade into significant repricing of single-B and below; current HY spreads at ~425bps are nowhere near compensating for incoming defaults — still not a 'fat pitch' to own
“High yield spreads were at 350, now they got out to about 425 — call me when they're at 700”
2026-03-31 Long Dur Treasuries bearish video
Secular interest rate decline is over; unsustainable $2T annual deficits plus risk of soft default or coupon restructuring make long-duration Treasuries dangerous with no compensation for the risk
“I'm very nervous about exposures to long-term Treasury bonds. We've actually have almost zero in our portfolios in that regard”
90d -2.1%
2026-03-31 GOLD bullish video
Central banks are rebuilding gold reserves from ~20% toward potentially 50% of reserves (vs. 70% pre-Nixon), creating sustained structural demand; dollar debasement risk from fiscal unsustainability reinforces the trade
“gold is real money. Central banks are going to be a huge continued source of demand for gold”
90d -14.3%
2026-03-31 Commodities Broad bullish video
Inflation persistence, dollar debasement risk, and real-asset preference in a world leaving 'aspirational hype' for concrete assets support broad commodity exposure
“I recommend about 15% in commodities. I would probably have 10% in a Bloomberg Commodities Index”
90d -8.3%
2026-03-31 MUNIS bearish video
Absurd spending, tax policies accelerating revenue erosion, and wealthy taxpayer flight create fundamental fiscal deterioration; legislative risk includes potential coupon cuts or taxability changes on higher incomes
“avoid all general obligation munis in California, Illinois, and New York”
90d -2.3%
2026-03-31 long Em Equities / short USD pair video
Emerging market equities in local currencies offer the double benefit of cheap valuations (S&P 500 P/B is more than double rest-of-world ex-US) AND dollar weakening as the US exceptionalism trade reverses over a multi-year cycle
“My number one recommendation is American investors should buy emerging market equities in the local currencies”
90d +8.6%
2026-03-31 long Long Dur Treasuries / short Long Dur Treasuries pair video
Within any Treasury portfolio, swapping high-coupon bonds for the lowest-coupon bonds in each maturity bucket eliminates default-cost-free exposure to a soft-default/coupon-restructuring scenario while maintaining duration profile
“I want you to swap the ones that we own for the lowest coupon in that maturity bucket — we lowered our coupon on 10-year and longer Treasuries from 4 and 3/4% to 1 and 1/2%”
90d +0.0%
2026-03-27 SPX bearish Julia La Roche Show · video
US equity price-to-book is more than double the rest of world — an extraordinary overvaluation reminiscent of late 2021 — entering a multi-year period of foreign outperformance that is already underway
“the price to book on the S&P 500 is more than double the price to book of the rest of the world”
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 GOLD owns Julia La Roche Show · video
Gold's structural bull market driven by central bank demand and dollar debasement risks makes miners a leveraged play on rising gold prices
“I actually bought some gold miners last June...that was exactly when they started to take off”
90d -10.9%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 Commodities Broad bullish Julia La Roche Show · video
Commodities are one of the few asset classes up in 2026 and serve as a real-asset hedge in a capital preservation portfolio amid dollar weakness and inflationary fiscal dynamics
“I recommend about 15% in commodities — 10% in a Bloomberg commodities index and 5% in gold”
90d -7.5%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 High Yield bearish Julia La Roche Show · video
Triple-C bank loan spreads are already near 2,000 bps on an index level, signaling the market does not expect repayment and that defaults in the lower-rated segment of leveraged credit are imminent
“spread on triple-C bank loans are almost 2,000 basis points. That means nobody thinks they're going to get paid”
90d -3.0%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 Em Equities bullish Julia La Roche Show · video
Extreme valuation gap between US equities (price-to-book more than double rest of world) and weakening dollar create multi-year outperformance runway for non-US emerging market stocks held in local currencies
“My number one recommendation is American investors should buy emerging market equities in the local currencies”
90d +23.8%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 USD bearish Julia La Roche Show · video
The dollar fell during the 2025 tariff-driven equity selloff—breaking its historical pattern of rising during risk-off episodes—confirming that US fiscal excess is undermining dollar safe-haven status, and this trend will persist into the next recession
“the dollar actually went down. That is corroborating my idea that when you get weak markets, you won't have interest rates dropping”
90d -2.3%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 Private Credit bearish Julia La Roche Show · video
Private credit marks are fictitious, the market is structurally illiquid relative to rising redemption demands, and the incestuous relationship with private equity and underfunded offshore reinsurance creates systemic default risk when the economy weakens
“private credit is a total unmitigated disaster and it's going to get worse”
90d -5.7%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 Long Dur Treasuries bearish Julia La Roche Show · video
Structural fiscal deficits of $2T/year and rising interest expense make long-term Treasury yields likely to move higher even in a weak economy, breaking the historical pattern of bonds rallying in recessions
“I'm very nervous about exposures to long-term Treasury bonds. We've actually have almost zero in our portfolios”
90d -3.2%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 SILVER neutral Julia La Roche Show · video
Silver's behavior is dominated by industrial demand rather than monetary demand, making it a less pure expression of the gold monetary thesis that Gundlach prefers
“silver is more of an industrial metal. I'll stick with the standard and not the derivative”
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 CASH bullish Julia La Roche Show · video
Risk assets across equities and credit are likely to reprice lower in 2026 creating better entry points, making cash the prudent holding to preserve capital and deploy opportunistically
“Investors should have the balance of their portfolio in cash because things are going to get cheaper along the line of 2026”
90d +0.8%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-27 Investment Grade Credit bearish Julia La Roche Show · video
Credit spreads are widening simultaneously with rising rates — an unusual financial-tightening signal — and private credit contagion will force repricing of the most levered IG tier as defaults materialize
“we have the lowest holdings we've had in the history of DoubleLine”
90d -2.9%
Jeffrey Gundlach: Private Credit Is A Total, Unmitigated Disaster, And It’s Going To Get Worse
2026-03-24 GOLD bullish Jeffrey Gundlach · video
Gold has corrected from nearly $5,500 back to Gundlach's prior year-end target (~$4,000), putting it near the 200-day moving average which should serve as support in an intact bull market.
“I think this is a very good opportunity to add to gold”
90d -4.8%
Jeffrey Gundlach: The Case for Rate Cuts is Falling Apart | CNBC
2026-03-24 Private Credit bearish Jeffrey Gundlach · video
Private credit faces mounting redemption pressure, valuation opacity, and an ~8% projected default rate that implies a ~4% loss haircut at 50% recovery — exceeding the spread premium over public credit — with quarterly marks obscuring an accelerating credit…
“private credit market remains very murky…funds that are marking bonds from 100 to zero overnight”
90d -1.9%
Jeffrey Gundlach: The Case for Rate Cuts is Falling Apart | CNBC
2026-03-24 Commodities Broad bullish Jeffrey Gundlach · video
The Bloomberg Commodity Index has broken below its 50- and 100-day moving averages but the 200-day MA — not far below current levels — should serve as structural support in a continuing bull market.
“for the long haul I still want to be in commodities”
90d -2.9%
Jeffrey Gundlach: The Case for Rate Cuts is Falling Apart | CNBC
2026-03-24 CMBS bullish Jeffrey Gundlach · video
ABS and CMBS have been among the most stable asset classes while corporate credit and EM spreads widen, making them the preferred defensive fixed-income allocation in a credit reevaluation phase.
“asset-backed securities, commercial mortgage-backed securities — some of the most stable asset classes”
90d +0.4%
Jeffrey Gundlach: The Case for Rate Cuts is Falling Apart | CNBC
2026-03-18 SPX bearish Jeffrey Gundlach · video
US budget deficit expanding at ~$2T/year pace pushes national debt above $39T, weakening the dollar and making non-US equities the structural outperformer
“I continue to recommend non-US investing in equities...I think will continue to work”
90d +13.8%
Jeffrey Gundlach: Powell’s ‘We Don’t Know’ Signals Rising Fed Uncertainty

Showing the 60 most recent of 191 tracked stances.

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