DoubleLine Asset Allocation webcast slides for the month of May 2019, hosted by Jeffrey Gundlach.
TAB I- Global Overview
G4 Central Banks’ Balance Sheets
Fed = Federal Reserve, BOJ = Bank of Japan, ECB = European Central Bank, BOE=Bank of England
Q1 hedge fund letters, conference, scoops etc
G4 Central Banks’ Balance Sheets & Global Equites
Fed = Federal Reserve, BOJ = Bank of Japan, ECB = European Central Bank, BOE=Bank of England
U.S. Outperformed the Rest of the World
Source: Goldman Sachs as of September 4, 2018
U.S. = S&P 500 Index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. MSCI ACWI Index is a free‐float weighted equity index for developed and emerging market countries (ex‐US). EPS = Earnings per share. You cannot invest directly in an index.
S&P 500 vs. MSCI ACWI (ex‐US) Normalized 1/26/18
Source: Bloomberg, DoubleLine
U.S. = S&P 500 Index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. MSCI ACWI Index is a free‐float weighted equity index for developed and emerging market countries (ex‐US). You cannot invest directly in an index.
Deutsche Bank and Credit Suisse Near Lows
Source: DoubleLine, Bloomberg
DoubleLIne Core Fixed Income Fund and DoubleLIne Flexible Income Fund own 0% of Deutsche Bank and 0% of Credit Suisse as of October 31, 2018.
Gross Domestic Product – Real and Nominal
Source: Bloomberg
YoY ‐ year‐over‐year; GDP = Gross Domestic Product includes the total amount of goods and services produced within a given country. Nominal GDP is adjusted for inflation. You cannot invest directly in an index.
U.S. Outstanding Debt by Sector
Source: Bloomberg, DoubleLine
FOF = Financial Accounts of the United States, Federal Reserve Bank
Federal Spending and Revenue as a Share of U.S. GDP
Source: DoubleLine, Bloomberg, Office of Management and Budget
GDP: Gross Domestic Product is the amount of goods and services produced within a given country.
U.S. Total Public Debt Outstanding
Source: DoubleLine, Bloomberg
GDP: Gross Domestic Product is the amount of goods and services produced within a given country.
U.S. Government Debt to GDP
Source: Bloomberg, DoubleLine
GDP = Gross Domestic product is the amount of goods and services produced within a given country.
See the full slides below.
