Jeffrey Gundlach, known world over as the “bond king”, is going full-on bear as he paints a bleak picture of both the stock and bond markets – as well as the economy at large.
I can’t help but feel a sense of out of control nature wafting from the markets as volatility continues to be the theme for the 2018 year. From stocks to cryptocurrencies and international geopolitical chaos, shaky times are before us.
If there’s one thing that clients of money managers can’t stand, it’s showing a loss at year’s end. And if there’s one thing that money managers can’t stand, it’s losing clients. But with the major equities markets going absolutely nowhere in 2018 so far – or worse yet, showing a loss – a Santa Claus rally isn’t just optional anymore; it’s mission critical at this point.
When I was a kid, General Electric was one of those companies, and one of those stocks, that was regarded as a model of safe blue-chip investments: profitable, steady growth, decent dividend payments – an American institution. No one ever imagined that within our lifetimes, we would see GE devolve into the money pit that it has become.
Fund Manager Who Called 2000 and 2008 Crashes Says the S&P 500 Will “Lose Nearly Two-thirds of its Value”
Market predictions come and market predictions go, and opinions are a dime a dozen in the financial community. But when an esteemed fund manager who anticipated the 2000 and 2008 crashes talks, people actually listen.
The Fed is full of absolute masters of euphemistic, toned-down language that hides insidious and unsettling half-truths. It takes the patience of a saint and an uncanny ability to read between the lines to decipher Fed language, which is now telling us that the era of easy-money policy is in the rear-view mirror and will not be seen again anytime soon.
Dear Reader, Not every investor is going to be familiar with the acronym FAANG – which stands for Facebook, Apple, Amazon, Netflix, and Alphabet’s Google – but pretty much everyone knows the component co...