DoubleLine’s Gundlach: Short the S&P, Go Long on Emerging Markets
Speaking from the Sohn investment conference in New York, DoubleLine Capital’s CEO and chief investment officer Jeff Gundlach said he is long the iShares MSCI Emerging Markets Index ETF (NYSEARCA: EEM) and is shorting the SPDR S&P 500 ETF Trust (NYSEARCA: SPY). And should emerging markets outperform US markets, he said this will also have other investing implications: “When emerging markets outperform the S&P 500, active is outperforming the S&P 500.”
Gundlach last rocked the conference with his accurate prediction that Donald Trump eventually would win the presidency.
To read the accompanied article, Jeff Gundlach makes bets against U.S. stocks, for emerging markets, go to the website of CNBC.
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