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
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
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
Source: WSJ
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
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
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)
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
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
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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