Doubleline's Gundlach Says Banks Are Not A Good Investment In Current Environment
Portfolio Pulse from Benzinga Newsdesk
Doubleline's Jeffrey Gundlach has stated that banks are not a good investment in the current environment, potentially impacting ETFs such as KBE, KRE, and XLF.
October 03, 2023 | 8:03 pm
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NEGATIVE IMPACT
Doubleline's Gundlach's negative outlook on banks may impact KBE, an ETF that tracks banking and financial services stocks.
As KBE tracks banking and financial services stocks, a negative outlook on banks from a prominent investor like Gundlach could potentially lead to a decrease in the ETF's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KRE, an ETF that tracks regional banking stocks, may be impacted by Gundlach's negative view on banks.
KRE, which tracks regional banking stocks, could potentially see a decrease in value due to Gundlach's negative outlook on banks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
XLF, an ETF that tracks the financial sector, may be negatively impacted by Gundlach's view on banks.
As XLF tracks the financial sector, Gundlach's negative view on banks could potentially lead to a decrease in the ETF's value.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80