Jeffrey Gundlach‘s Just Markets 2025
In “Man Leaving a Bus: What Does It Mean?,” the 2025 edition of “Just Markets,” DoubleLine CEO Jeffrey Gundlach works on the idea that society is undergoing profound change from patterns and trends that prevailed for decades. Among other factors, he cites an almost unprecedented U.S. Treasury curve steepening in the wake of the Federal Reserve starting rate cuts, the wreckage of once-predictive macro signals and the exit from the world stage of an aging generation of political and market leaders. Mr. Gundlach identifies what he thinks are expensive and cheap asset classes – and expensive and cheap sectors within them. And he shares his ideas for allocating among those risk-opportunity sets and subsets.
