Doubleline Capital's Gundlach Says Think We'll See Headline CPI Settle In At About 2.5-2.75% For Rest Of Year; Can Expect Very Good Returns From Parts Of Fixed Income Market Like BB Bank Loans
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach predicts that headline CPI will settle at around 2.5-2.75% for the rest of the year. He also expects very good returns from parts of the fixed income market, particularly BB bank loans.
June 12, 2024 | 7:40 pm
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POSITIVE IMPACT
KBE, the SPDR S&P Bank ETF, may benefit from Gundlach's positive outlook on BB bank loans, as it includes exposure to bank loans.
KBE includes exposure to bank loans, and Gundlach's positive outlook on BB bank loans suggests potential gains for this ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KRE, the SPDR S&P Regional Banking ETF, might see positive impacts due to Gundlach's favorable view on BB bank loans.
KRE has exposure to regional banks, which may benefit from improved returns in the BB bank loan segment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
XLF, the Financial Select Sector SPDR Fund, could benefit from Gundlach's positive outlook on BB bank loans and stable CPI forecast.
XLF includes financial sector stocks, which may benefit from improved returns in the BB bank loan market and stable inflation expectations.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
NEUTRAL IMPACT
SPY, the SPDR S&P 500 ETF, may experience a neutral to slightly positive impact from Gundlach's CPI forecast and fixed income outlook.
SPY is broadly diversified, and while Gundlach's outlook is positive for fixed income, the direct impact on SPY is less pronounced.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50