Gundlach Speaks! Big Tech Overextended And More Shocks
The Bond King has been awfully quiet since calling the election. But he's reemerged to warn the world that, yes, the FAANG trade "may be" overdone.
The Bond King has been awfully quiet since calling the election. But he's reemerged to warn the world that, yes, the FAANG trade "may be" overdone.
The stark divergence in fortunes is part of a tectonic shift that’s seen investors favor ETFs over mutual funds for nine consecutive years.
Among his prescient calls were the dot-com bust and the demise of Lehman Brothers. In 2015 the streak ended with a 20% loss and he never recovered.
"I have four kids in their 20s," he notes. "They're so ready to get to see their friends, to get to restaurants, to go out and go crazy."
Noted entrepreneur would rather see a fresh stimulus round bypass businesses entirely to get money immediately into post-pandemic consumers' hands.
"Birthright" cash would be invested at birth in zero-cost equity index funds, be prohibited from withdrawal until retirement and compound tax-free.
The billionaire founder of Bridgewater Associates encouraged his readers to think about class issues that can become inflamed during stressful periods