Taps Coogan – January 16th, 2024

Sometimes right, sometimes wrong, always interesting, Jeffery Gundlach – founder of DoubleLine Capital, recently gave a long-format presentation on his view of the state of the economy and the outlook for this year:

The very wide ranging interview doesn’t lend itself to excerpts but the punchlines include Gundlach’s expectation of a recession this year (for the third year running), inflation to continue moving lower after pausing around 3% for a few more months, and the expectations that emerging markets and commodities will eventually outperform US assets, but only after the aforementioned recession hits.