Investors / stance tracking
What Jeffrey Sherman is saying
FollowFollowingUnfollowDeputy CIO, DoubleLine Capital
10 dated public stances tracked since 2026-09-21, most recently 2026-10-15. 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 Sherman'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 Sherman is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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10
tracked stances
9
themes
1
side flips
2026-10-15
last heard
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.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| USTS | 2 | 1 bullish / 1 bearish | 2026-10-15 | |
| ENERGY | 1 | 1 bullish | 2026-10-13 | |
| Investment Grade Credit | 1 | 1 bullish | 2026-09-21 | |
| Long Dur Treasuries | 1 | 1 bearish | 2026-09-21 | |
| OIL | 1 | 1 bullish | 2026-10-13 | |
| SHORT-DURATION CREDIT 2YR (~6% YIELD) | 1 | 1 bullish | 2026-10-15 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-15
SHORT-DURATION CREDIT 2YR (~6% YIELD)
bullish
DoubleLine Capital · video
Front-end repricing after hot CPI now prices 2-year credit paper at ~6% yield, offering analyzable, high-quality return without speculative duration risk
“you can do that in some instances with yields around 6% or the high fives today”
Jeffrey Sherman: The Bond Market Is in Charge | CNBC
30-year bonds from AI buildout operators require the technology to work profitably for decades, while near-term financing stress is already spreading to more leveraged operators; the long end faces sustained supply pressure from heavy capital requirements
“you're really speculating on this magnificent technology working for 30 years”
Jeffrey Sherman: The Bond Market Is in Charge | CNBC
2026-10-13
TIPS
bullish
DoubleLine Capital · video
With CPI likely to sustain 3%-handle prints and break-evens priced only ~30 bps above pre-pandemic levels, short-duration TIPS offer cheap inflation protection without the duration risk that eventually hurts at the long end
Jeffrey Sherman: Throw Away the Post-GFC Playbook | Insightful Investor Podcast
The Iran war has taken ~10% of global oil supply offline, China's strategic stockpile is now depleting, and diesel hitting all-time highs confirms the supply shock is transmitting through the distillate complex
“I've been in the camp that I do think that oil prices are trade around a hundred”
Jeffrey Sherman: Throw Away the Post-GFC Playbook | Insightful Investor Podcast
European energy stocks are attractive as a simultaneous expression of energy exposure and an unhedged negative-USD view, where the currency risk itself is the desired feature rather than a cost to hedge away
“I think energy stocks, that's very interesting as a European investor. I can take that currency risk along with it. If I'm going to buy it, I don't want to hedge it”
Jeffrey Sherman: Throw Away the Post-GFC Playbook | Insightful Investor Podcast
Central banks are actively de-dollarizing reserves, EM nations are diversifying trade settlement away from USD, and the US's adversarial trade posture is accelerating that structural shift in reserve currency demand
“we're negative on the dollar over the medium term”
Jeffrey Sherman: Throw Away the Post-GFC Playbook | Insightful Investor Podcast
With the 2s/10s spread only 25–30 bps, intermediate and long duration offer insufficient compensation, making the front end the highest-value part of the curve for yield without duration risk
“the front end continues to be super attractive to us at Double Line”
Tech Stocks Rally as Oil & Treasury Yields Retreat
2026-09-21
Investment Grade Credit
bullish
Bloomberg The Close · video
Short-dated bonds from mega-cap hyperscalers like Alphabet and Meta are attractive because their diversified business lines can finance the AI capex trade, and spreads are 20–30 bps wider than earlier-year tights
“your kind of Alphabets, the Metas, the things that have other business lines that can drive that”
Tech Stocks Rally as Oil & Treasury Yields Retreat
Said again: 2026-10-13 (DoubleLine Capital), 2026-10-14 (CNBC (uncut))
2026-09-21
SPACEX
bearish
Bloomberg The Close · video
Names like SpaceX, Oracle, and the Paramount LBO are borrowing at implied investment-grade rates but their debt trajectories from AI capex will push them below investment grade, creating an asset-liability mismatch
“they're really borrowing like investment grade companies but the progress is probably to a below investment grade name”
Tech Stocks Rally as Oil & Treasury Yields Retreat
2026-09-21
Long Dur Treasuries
bearish
Bloomberg The Close · video
The long bond has broken to new cycle highs and Treasury Secretary yield-curve intervention is futile without bazooka-sized action, so back-end yields will keep drifting higher as supply from AI-capex issuance competes with government paper
“the long bond trades really where the cycle highs were back in 23 and it's really been gravitating there”
Tech Stocks Rally as Oil & Treasury Yields Retreat
Said again: 2026-10-13 (DoubleLine Capital), 2026-10-14 (CNBC (uncut))
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