Slides from the DoubleLine Fund webcast discussing their fund offering for a rising rate environment.
DoubleLine – Time to Pivot
Fed’s Inflation Gauge is Higher
As of October 7, 2016
Source: Bloomberg
[drizzle]Atlanta Fed Aggregate Wage Growth
As of August 31, 2016
Source: Bloomberg; DoubleLine
Note: The Atlanta Fed’s Wage Growth Tracker is a measure of the wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart. Our measure is based on methodology developed by colleagues at the San Francisco Fed.
QE = quantitative easing
Core Inflation and Average Hourly Earnings (YoY)
December 31, 1985 through September 30, 2016
Source: Bloomberg, DoubleLine
Consumer Price index measures and weighted average of prices for a basket of goods and services, such as transportation, food and medical care.
YoY = year-over-year. You cannot invest directly in an index
Headline Inflation
December 31, 1999 through September 30, 2016
Source: Bloomberg, DoubleLine
Consumer Price index measures and weighted average of prices for a basket of goods and services, such as transportation, food and medical care. You cannot invest directly in an index.
U.S. Owners Equivalent Rent YoY
- OER CPI was +3.4% YoY in September and has a 24.3% weight in the CPI basket
Source: Bloomberg
U.S. PriceStats CPI YoY
October 25, 2012 through October 21, 2016
CPI = Consumer Price index measures and weighted average of prices for a basket of goods and services, such as transportation, food and medical care. YoY = year-over-year. You cannot invest
directly in an index.
U.S. Producer Prices Trending Higher
As of October 17, 2016
Source: Deutsche Bank
PPI P
U.S. Breakevens and WTI
October 25, 2013 through October 25, 2016
Source: Bloomberg, DoubleLine
WTI = West Texas Intermediate
Contribution to U.S. CPI
January 1, 2000 through August 31, 2016
Source: Minack Advisors
Consumer Price index measures and weighted average of prices for a basket of goods and services, such as transportation, food and medical care. You cannot invest directly in an index.
Core CPI, Unemployment and Fed Funds
The Feds Mandate Achieved? Core CPI, Unemployment Rate and Fed Funds…
Source: Bloomberg, Data: June 30, 2000 to September 30, 2016
CPI = Consumer Price index measures that examine the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. You cannot invest directly in an index. NSA = Non-Seasonally Adjusted; YoY = Year-over-Year
See the full slides below.
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