Jeffrey Gundlach: Global Growth Is Slowing

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Includes: ACWF, ACWI, AIIQ, DGT, DTEC, ESGF, ESGW, FIGY, FIHD, FLQG, FLQH, GLQ, HDMV, RWV, VGFO, VT, WBIL, XMX
by: ValueWalk

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.