Jeffrey Gundlach’s webcast slides for the month of September 2018, titled, “Miracle Grow.”
Miracle Grow – TAB I
Gross Domestic Product – Real and Nominal
Source: Bloomberg
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. Conference Board Leading Economic Indicator
Source: Bloomberg, DoubleLine
Conference Board US Leading Index Leading indicators include economic variables that tend to move before changes in the overall economy including average workweek, production, jobless claims, new order manufacturing, build permits, S&P 500 stock index, leading credit index, average consumer expectations, etc.. You cannot invest directly in an index.
U.S. Consumer and Business Sentiment (5 years)
As of August 31, 2018
Source: Bloomberg, DoubleLine
Z‐score indicates how many standard deviations an element is form the mean.
[REITs]Q2 hedge fund letters, conference, scoops etc
ISM Manufacturing and Services PMI
Source: Bloomberg, DoubleLine
ISM Manufacturing Index is based on surveys of more than 300 manufacturing firms by the Institute of Supply & Management. PMI = Purchasing Managers’ Index is an indicator of the economic health of the manufacturing sector based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. You cannot invest directly in an index.
VOILA!!!
Source: Bloomberg, DoubleLine
S&P 500 is an capitalization‐weighted index of 500 stocks. You cannot invest directly in an index.
U.S. Budget Deficit % of GDP
Source: Bloomberg, DoubleLine
GDP = Gross domestic Product measures the amount of goods and services produced within a given country. FDDSGDP Index is the U.S. Treasury Federal Budget Deficit or surplus as a % of Nominal GDP. You cannot invest directly in an index.
U.S. Federal Debt as % GDP
As of April 27, 2018
GDP = Gross Domestic Product is the amount of goods and services produced within a given country. CBO = Congressional Budget Office. You cannot invest directly in an index.
Government Investment as % of GDP
Source: TopdownCharts as of April 27, 2018
GDP = Gross Domestic Product is the amount of goods and services produced within a given country. You cannot invest directly in an index.
See the full slides below.