Taps Coogan – November 5th, 2020

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Jeffery Gundlach, founder of DoubleLine Capital, and one of the largest fund managers in the world recently gave a detailed presentation to the CEIBA Financial Professionals association on the effects of the Covid pandemic on the economy and markets and his outlook. The discussion took place in late October, before the still unresolved US Presidential election.

The punchline is that Mr. Gundlach remains very skeptical that the economy will be getting back to normal anytime soon. He sees a permanent shift towards ‘work-from-home’ for much of the workforce, more evidence for migration out of unsafe high tax metro areas, higher trend savings rates, the potential for a housing boom in tax advantaged areas, and an end to massive US equity out-performance versus international markets in coming years.

Enjoy the full discussion above.

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