Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gundlach Calls Out Gross as Email Routing List Email & Route  Print Print
Thursday, January 12, 2017

Gundlach Calls Out Gross as "Second-Tier"

News summary by MFWire's editors

Gundlach and Gross are at it again.

Bill Gross
Janus Capital Group
Portfolio Manager
Bill Gross's latest monthly investment outlook begins with a poem he penned about the grandeur of Africa, but that's not the part that Gundlach found the most amusing. Gross concludes predicting that a 2.6 percent threshold on 10-year treasury yields will mark the end of the bull market for bonds, and says it's the most important trend to watch for in the coming year.

"Much more important than Dow 20,000. Much more important than $60-a-barrel oil. Much more important that the Dollar/Euro parity at 1.00. It is the key to interest rate levels and perhaps stock price levels in 2017," writes Gross.

While delivering his own outlook later that day, Gundlach slammed Gross's prediction without even bothering to call him out by name.

"A couple of second-tier bond managers talking about 2.6 percent at a key technical level on US 10-year are ignoring the the fact that 10-year made intraday high of 2.64 percent."

Instead, Gundlach predicts that a 3 percent yield will signal the end of the bond bull market, not 2.6.

Even though the DoubleLine Total Return Bond Fund outperformed the Janus Global Unconstrained Bond Fund last year, Gundlach didn't have an ideal end to 2016. Gundlach's fund posted net outflows of $3.5 billion in December, its largest one-month outflows ever.

CNBC and Barron's both reported on Gross's prediction. Business Insider, DealBreaker, and ThinkAdvisor covered the exchange.

And, for anyone who's interested in hearing a taped reading of Echoes from Africa from Gross himself, the wait is over. All of Gross's monthly outlooks are available via podcast

Edited by: Katy Golvala


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use