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2016-09-10 — bloomberg.com
DoubleLine's Jeffrey Gundlach indicated in a webcast on Thursday that financial markets are on the brink of turmoil, saying "this is a big, big moment." He's right. It is. Â
The mood has shifted suddenly. Investors are losing faith in the efficacy of monetary stimulus, and it appears that perhaps central bankers may be, too. ... This multifaceted dynamic is a game changer, and markets have taken note. Traders have started dumping government bonds, leading to the biggest rout in Japanese debt in 13 years. ... "Interest rates have bottomed," Gundlach said in the webcast. "They may not rise in the near term as I've talked about for years. But I think it's the beginning of something, and you're supposed to be defensive." The big question now is, how far will this selloff go? If it stops here, it will be another blip soon forgotten... But this does feel like part of a bigger trend. Jitters are spreading. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |