Bond-Expert Jeffrey Gundlach Says 'Pretty Clear' US Soon To Be At The Front-End Of A Recession
Portfolio Pulse from Bhavik Nair
DoubleLine Capital CEO Jeffrey Gundlach predicts the US is on the verge of a recession, citing indicators such as ISM new orders and the purchasing managers' index. This contrasts with Goldman Sachs' recent reduction of the US recession probability from 35% to 25%. Gundlach's preferred portfolio mix consists of 30% stocks, 60% bonds, and 10% real assets, including gold.
June 07, 2023 | 3:22 am
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POSITIVE IMPACT
Jeffrey Gundlach's preference for gold in his portfolio mix may boost demand for the SPDR Gold Trust (NYSE:GLD), which gained 0.11% on Tuesday.
Gundlach's preference for gold in his portfolio mix may lead to increased demand for gold-related assets like GLD. As a result, GLD's stock price may experience a short-term positive impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Jeffrey Gundlach's preference for gold in his portfolio mix may boost demand for the iShares Gold Trust (NYSE:IAU), which gained 0.11% on Tuesday.
Gundlach's preference for gold in his portfolio mix may lead to increased demand for gold-related assets like IAU. As a result, IAU's stock price may experience a short-term positive impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80