Doubleline Capital's Gundlach Says If Oil Prices Go Down, We Would See Further Relaxation On Inflation
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach stated that a decrease in oil prices could lead to further relaxation on inflation. This could have implications for various financial assets, including ETFs like SPY and USO.
June 12, 2024 | 7:35 pm
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POSITIVE IMPACT
SPY, an ETF that tracks the S&P 500, could see positive impacts if inflation eases due to falling oil prices. Lower inflation generally supports higher equity prices.
Lower oil prices can reduce inflationary pressures, which is generally positive for equities. SPY, tracking the S&P 500, could see gains as a result.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
USO, an ETF that tracks oil prices, could see a decline if oil prices fall as suggested by Gundlach. This would directly impact the value of the ETF.
USO is directly tied to oil prices. If oil prices fall, the value of USO would likely decrease, reflecting the lower commodity prices.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90