Jeffrey Gundlach - Latest News and Information
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EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
People ask about muni’s and I typically don’t have much to say. But now, looking at the deficits caused by absurd spending, and tax policies accelerating revenue erosion, I can say avoid all General Obligation muni’s in California, Illinois & New York. I’ve never bought a GO.
The 2 year U.S. Treasury yield has risen 50 basis points in less than three weeks. It now suggests one Fed HIKE may be coming.
JP Morgan said it will likely (my interpretation) be demanding more collateral for their loans to Private Credit. That means JP Morgan believes the collateral values are down from the loan origination date.
A Private Credit Fund of Funds in 2026 seems to rather closely resemble a CDO-squared in early 2007.
Gundlach’s law of financial physics: The frequency of losses times the severity of losses equals a constant. Implication: do not invest in artificially “low volatility” strategies.
