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Gundlach: Fed rate hike is a mistake

Mar. 11, 2015 9:46 AM ETAGG, GBF, UUP, UDN, BND, SAGG, SCHZ, BOND, UUPT, UDNT, FORX, USDU, IUSB, FBND, VBND, SPABBy: Stephen Alpher, SA News Editor23 Comments
  • "The Fed is intent on being a blockhead," says Jeff Gundlach, arguing the U.S. central bank is about to make the same mistake the ECB did in 2011 when it hiked interest rates. The ECB found itself quickly reversing course as the higher rates helped precipitate a blow-up in the euro-periphery.
  • "Don't do it," he warns those who are thinking about going contrarian and shorting the dollar (UUP, UDN). Currency trends, he says, tend to go on and on. "The dollar, which has been a world leader, is going to be a world leader."
  • ETFs: AGG, UUP, BND, BOND, UDN, SCHZ, UUPT, FORX, UDNT, LAG, USDU, SAGG, GBF, FBND, IUSB, VBND

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