Jeffrey Gundlach: Global Growth Is Slowing

Dec. 12, 2018 5:00 AM ETVT, ACWI, GLQ, DGT, FIGY, RWV, ACWF, USPX, DIVI, ESGF, FIHD, WBIL, ESGW, HDMV, XMX, AIIQ, DTEC, VWID4 Comments2 Likes
ValueWalk profile picture
ValueWalk
4.85K Followers

Original Post

Jeffrey Gundlach's DoubleLine Total Return Bond Fund webcast for the month of December 2018, discussing the how the global growth is slowing.

TAB I - Global Economy

"Scared sick looking at it" - Ernest Hemingway

MSCI ACWI and Central Banks

Source: Bloomberg, DoubleLine

BoJ = Bank of Japan, ECB = European Central Bank, MSCI ACWI Index is a market capitalization weighted index designed to provide a broad measure of equity- market performance throughout the world. FARBAST tracks the aggregate assets and liabilities of banks within the economy. You cannot invest directly in an index.

[REITs]

Global Death Cross Breadth

Source: Topdown Charts

MSCI ACWI Local Index is a market capitalization weighted index designed to provide a broad measure of equity- market performance throughout the world. dma = daily moving average. You cannot invest directly in an index.

Record Share of Asset Classes Posting Negative YTD Returns

Source: WSJ

Global Growth Is Slowing

The Citi Economic Data Change Indices measure data releases relative to their 1-year history. A positive reading means that data releases have been stronger than their 1-year average, and a negative reading means that data releases have been worse than their 1-year average. You cannot invest directly in an index.

Manufacturing PMI: New Export Orders

As of October 31, 2018

Manufacturing PMI is an indicator of economic health for manufacturing and service sectors. You cannot invest directly in an index.

G3 Wages - Rising Wage Pressure

January 2010 through January 31, 2018

G3 = US, UK, and Eurozone. Y/Y = year-over-year. OECD = Organization for Economic Cooperation and Development. You cannot invest directly in an index.

G4 Producer Prices PPI (YoY)

January 1998 through February 28, 2018

G4 = US, UK, Eurozone and Japan. YoY = year-over-year. PPI = Producer Price Index measures at the industry level and tracks the changes in prices received for an industry's output outside the industry in itself. NSA = Non Seasonally adjusted. You cannot invest directly in an index.

KOSPI Indicate Weak Global Economy

Source: Bloomberg, DoubleLine

KOSPI Index is a capitalization weighted index of all common shares on the Korean stock exchanges. SMAV = Moving Average. You cannot invest directly in an index.

Deutsche Bank and Credit Suisse Near Lows

Source: DoubleLine, Bloomberg

DoubleLine Total Return Bond Fund owns 0% of Deutche Bank or Credit Suisse as of December 11, 2018.

See the full PDF here.

189

This article was written by

ValueWalk profile picture
4.85K Followers
Everything hedge funds and value investing NOTE we do not read comments or direct messages on SeekingAlpha- please contact us via email if this is important
Follow

Recommended For You

Comments (4)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.