Technology

Jeffrey Gundlach: Global Growth Is Slowing

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

global growth is slowing

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]

Q3 hedge fund letters, conference, scoops etc

Global Death Cross Breadth

global growth is slowing

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

global growth is slowing

Source: WSJ

Global Growth Is Slowing

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

global growth is slowing

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

global growth is slowing

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)

global growth is slowing

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

global growth is slowing

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

global growth is slowing

Source: DoubleLine, Bloomberg

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

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