Jeffrey Gundlach

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Last quote by Jeffrey Gundlach

If the vote doesn't pass, or is postponed, it will cast a lot of doubt on the Trump trades.
Mar 22 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jeffrey Gundlach is associated, including Fed and December. Most recently, Jeffrey Gundlach has been quoted saying: “If the vote doesn't pass, or is postponed, it will cast a lot of doubt on the Trump trades.” in the article Trump Tantrum looms on Wall Street if health-care effort stalls.
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Jeffrey Gundlach quotes

It would be best to avoid European assets because of upcoming French and Dutch elections.

I think above 3 percent is a problem. If the 10-year goes above 3 percent, you would also have to say unequivocally you have seen the end of the bond bull market.

There is going to be a buyer's remorse period. The dollar is going to go down, yields have peaked and will move sideways, stocks have peaked as well and gold is going to go up in the short term.

I am less defensive now on Treasuries and I am less negative on the 10-year Treasury note at a 2.35 percent yield than we were at 1.35 percent yield.

The bar was so low on Trump to the point people were expecting markets will go down 80 percent and global depression -- and now this guy is the Wizard of Oz and so expectations are high. There's no magic here.

We've had a sentiment shift in the bond market. We've seen it, too. People have already started reallocating out of bonds and into stocks.

The cracks have been forming for five years - we're in this slow-grinding higher phase in yields.

If the Fed doesn't raise rates in December, they're never going to raise them.

I think we've really (hit) critical resistance on yields at about 2.35 percent on 10s...we should get a tradeable rally off of those levels. If we don't, then things are in really big trouble.

If the Fed doesn't raise rates in December, they'll never raise rates again.

We had a huge rally yesterday on the (FBI Director James) Comey flip-flop, flip-flop. I don't know if I'd call this a sell-off anymore.

When Trump was just an asterisk in the polls, I said he was a tremendously undervalued asset.

Donald Trump has "massively outperformed" expectations during the presidential election campaign.

I have been vocally bearish on Treasuries for months, and, being one of the most influential in the industry, it should not be a surprise that investor behavior is influenced by me. Lastly, we have had terrific performance in DBLTX since rates bottomed: we are up in a meaningfully down market.

Even DoubleLine is having 'day in' and 'day out' flows. It is not an inflow day every day.

I would turn particularly negative if the S&P closed twice below 2,130.

There seems to be sort of a battle royal going on with the market kind of dipping below 2130 but unable to close below that level. I would turn particularly negative if the S&P closed twice below 2130.

It seems to me that Janet Yellen doesn't really want to raise rates, at least not very much.

I think she is concerned about the trend of economic growth. GDP is not doing what they want.

Yellen is thinking independently and willing to act on what she thinks.

GDP Now keeps fading away. If we get only 1.9 percent GDP for third – and fourth quarters – we are looking at only 1.5 percent GDP this year.

Inflation can go to 3 percent, if the Fed thinks this is temporary. Yellen is thinking independently and willing to act on what she thinks.

I'm still defensive but one notch less than maximum negative on Treasuries.

It's too binary. The market is going to push down Deutsche Bank until there is some recognition of support. They will get assistance, if need be.

If he does a good performance, I think he's going to pull ahead in the polls … in a definitive way.

When the next recession comes - and it will - all those categories are going to get killed.

When you see pivots like this, that means something else is coming.

But something interesting did happen at the BOJ and that is they sort of admitted that they're not getting the results that they're hoping for from negative interest rates and indeed they might want to steepen out their yield curve and get to positive interest rates.

You would get a different kind of mentality about policy and interest rates.

There's a growing awareness in Europe and Japan and I think indeed in the United States that these policies have not generated the results that they were designed to generate.

The Japanese yen rallied since rates went negative in Japan. The Nikkei (stock average) has gone nowhere, and the economy has not improved.

I have learned from my 35 years in the investment business that when people say something will never happen, it means, it's about to happen. If you watch very carefully, interest rates have already secretly started to rise.

I think central bankers are learning this fact with accumulation of the evidence of markets and will abandon negative interest rates in favor of another form of stimulus -- fiscal stimulus, some call it helicopter money. And I think it will come.

This is very bond unfriendly. If you own bonds, fiscal stimulus is not positive.

If you watch very carefully, interest rates have already secretly started to rise.

The Fed wants to show, at some point, that they can't be replaced by WIRP (World Interest Rate Probability). The only way they can do that is to tighten when WIRP is below 50.

I think the Fed is irritated about this WIRP (World Interest Rate Probability) thing.

The Fed is going to say 'we are not controlled by the WIRP, we are not controlled by the market. We are going to tighten even if the WIRP is below 50.

For a quarter century, Bonnie was my trusted colleague and dear friend. She was honest and direct, with a sardonic wit perfectly matching her investment skepticism helping shape the DoubleLine philosophy.

The yield on the 10-year yield may reverse and go lower again but I am not interested. You don't make any money. The risk-reward is horrific.

The Fed is out to lunch. Does the Fed look at what's going on in the economy? It is unbelievable.

[The] long bond continues to want the Fed to tighten. Been that way for two years.

I think that this vote corroborates the anti-establishment sentiment that's out there; it's probably incrementally positive for Donald Trump's wind in the sail. I think this is a capital preservation market. People, they want change.

In Britain, they were never really in the [EU] ever; they never adopted the euro currency. When you think about it, it's no surprise to see they were the first to give it up.

Yes, I am surprised. It suggests the public mood for change is even greater than I thought.

The policies that they're implementing don't have the consequences that they're looking for.

When you go to negative interest rates, you do not stimulate consumption, you necessitate saving. You cannot fight deflation with deflation. Negative interest rates are the definition of deflation.

The Fed is confused and their confusion spills into investor psychology.

Central banks are losing control and they don't know what to do ... just like the Republican establishment and Donald Trump.

Trying to fight deflation with deflation is like trying to put out a burning house by pouring gasoline on it.

Gold is the anti-banking system. Negative rates are bad for the banking system.

Remember how everyone felt when the market dropped over 350 points just yesterday? You'll feel more scared before mid-year.

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