Jeffrey Gundlach and Danielle DiMartino Booth on Investing in Uncertain Times скачать в хорошем качестве

Jeffrey Gundlach and Danielle DiMartino Booth on Investing in Uncertain Times

DoubleLine Deputy CIO Jeffrey Sherman moderates a discussion on April 3, the day after President Donald Trump’s reciprocal tariff announcement, between DoubleLine CEO-CIO Jeffrey Gundlach and Quill Intelligence CEO and Chief Strategist Danielle DiMartino Booth on the current state of the market and economic outlook. The discussion was held as part of a DoubleLine Client Event in Dallas. Mr. Gundlach emphasizes the market’s expectation of lower earnings growth and higher inflation, noting the impact of tariffs and parallels to past market conditions. He highlights widening credit spreads and potential for significant market corrections. Ms. DiMartino Booth discusses the implications of Trump’s policies; a global trade recession; and structural issues in the market, including risks associated with leveraged ETFs and private credit. The conversation also touches on challenges posed by the U.S. budget deficit and the possibility of restructuring the U.S. Treasury market. For investing in uncertain times, Mr. Gundlach suggests reducing credit and leverage; increasing duration on Treasuries; and investing in non-U.S. stocks, particularly European ones. Ms. DiMartino Booth suggests focusing on resilient brands, considering distressed bond investing and looking at “widow stocks” that pay consistent dividends. Both emphasize the importance of cautious investing, diversification and identifying undervalued or stable sectors to navigate market volatility.