Gundlach: Fed making big mistake ending QE


"What If?" is the title of Jeff Gundlach's (DBL, DSL) latest webcast presentation.

Reviewing his boner of a call that Treasury rates had topped out about 70 basis points ago, Gundlach says he never thought the Fed would walk away from QE. Instead the Fed has chosen to do just that in favor of what Gundlach calls a "seat of the pants policy" that he feels is a big mistake.

The total return loss in bonds during this selloff is nearly identical 1993/94 carnage, he notes. While not expecting a fast rally in bond prices, Gundlach does feel the selling is about done.

Broad fixed-income ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC.

Treasury ETFs: TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBXTRSY, PLW, GOVT.

Comments (3)
  • Sammy Lee
    , contributor
    Comments (334) | Send Message
     
    Is that a typo?
    10 Sep 2013, 04:36 PM Reply Like
  • Crippler
    , contributor
    Comments (2) | Send Message
     
    Is what a typo?
    11 Sep 2013, 01:58 AM Reply Like
  • Chris Lau
    , contributor
    Comments (3673) | Send Message
     
    Lol great description to the call!
    10 Sep 2013, 05:37 PM Reply Like
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