Jeffrey Gundlach talks inflation, interest rates, stocks, economy

DoubleLine Capital, Released on 1/20/22 (Recorded on 1/11/22)

*This video was recorded on January 11, 2022

DoubleLine founder and CEO Jeffrey Gundlach draws a comparison from the high interest rates and high inflation of his youth to today’s economic environment of low interest rates and rising inflation concerns in his latest “Just Markets” webcast, “I Feel Young Again.” Gundlach recounts DoubleLine’s hawkish outlook on inflation heading into 2021 (2:50) and how inflation played out across the year before focusing the webcast on inflationary and geopolitical aspects that remind him of the pre-President Jimmy Carter era. Topics in this webcast include the similarity in chart shape of the S&P 500 Index, consumer goods spending and the Federal Reserve’s balance sheet (6:40); the dispersion of 2021 returns by asset class (9:49); flagging consumer sentiment (18:12); the bond market remaining unfazed despite the CPI beating every forecast (36:09); and how tracking the two-year U.S. Treasury can replace the Fed (52:52). Among other subjects, Gundlach also discusses: tracking the federal funds rate versus wage growth (45:53), if S&P 500 returns have more room to run (55:07), and the outlook for European equities (1:01:34) and emerging markets equities (1:04:11). This webcast was recorded on Jan. 11, 2022.

Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named “Money Manager of the Year” by Institutional Investor. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.

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