Jeff Gundlach: “I Remain Bullish On Gold”, Fed Hike Increasingly Likely “One And Done” – Live Webcast

As is the case every month, moments ago Jeff Gundlach started his periodic webcast to DoubleLine investors, this time focusing on asset allocation.

Among his notable remarks so far is that it increasingly looks like the Fed hike “increasingly likely looks like a one and done scenario” and that the Bond market keeps saying at best just one Fed hike this year.

Come to think of it, looking at the S&P, so do stocks.

The balance of the webcast so far focuses on why Gundlach remains generally bearish on the economy stating that stocks are going sideways because there is no earnings growth.

And then this pearl:

“I remain bullish on gold, I own gold miners.”

Everyone else who is confident the Fed is engaging in massive “policy failure”, agrees.

Another curious observation: the periodicity of EM short squeezes: here Gundlach observes that we have seen eight short squeezes greater than 20% in the last 5 years. 

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For the live webcast, please click on the image below (registration required)