March 14, 2025 at 12:04AM
DoubleLine just published highlights of a March 11 presentation from Jeff Gundlach.
US stocks entered 2025 grossly overvalued relative to history
European stocks have shown “unusually high outperformance” in early 2025
Commodities (except energy) like copper have shown strength in early 2025
Gundlach predicts gold will reach $4,000
The copper-gold ratio no longer predicts 10-year Treasury yield moves; crude oil price is a better indicator
Treasury yield curve de-inversion suggests increasing recession odds
Quotable:
βThe momentum stocks β in particular the Mag 7 β were viewed to be invulnerable and immortal in terms of nonstop outperformance. But it never works that way … Every sector is always vulnerable.β
Watch it here:
Update: I just finished the whole thing and it amazes me how middling a guy who is running so much money is. Pretty superficial stuff and frequently misinformed. Still, he had a few good years and became a celebrity. His mains fund were down 4% last year.
This article was written by Adam Button at www.forexlive.com.
