Questions Linger On Future Of 60:40, Risk Parity, While Record-Low Treasury Vol. Catches Gundlach’s Eye
Over the weekend, I asked if it was over for 60:40 and risk parity funds.
Over the weekend, I asked if it was over for 60:40 and risk parity funds.
“I think that they just stare in the mirror in the morning with just fear in their eyes”.
Mnuchin told Sorkin only that Fed buying is “highly unlikely”.
“It contains many layers of meaning”.
“Stick a fork in it.”
“Now a 90% chance of a 2020 cut”.
“They are baby-stepping their way to doing QE”.
“We’re getting closer but we’re not there yet”.
If the economy rolls over, “there’s very little for him to run on.”
“We’re numb to that because of social media.”
Jeff is not a fan of modern monetary theory.
Less “recessionary” now?
“I am going back into a foxhole.”
Nothing “innocuous” about this.
“I’m pretty sure this is a bear market.”
Unfortunately, Jeff Gundlach held another one of his webcasts on Tuesday and as usual, it was a state-the-obvious-a-thon.
“Stay out of investment grade bonds.”
“Speculative positioning is way long the dollar and now they’re wrong.”
“President Trump is just a different kind of guy.”
“What could get you there is a monumental short squeeze.”
Kings, squids, inversions and squeezes.
“The yield curve needs to be respected.”
70% of the time, it works, every time.
For anyone who wants to trade like Jeff by shorting Mark Zuckerberg and going long oil producers, just know that Jeff does call it “a fairly risk” idea. Much like that goddamn clown suit.
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