Jeffrey Gundalach was speaking at the 2019 Sohan Conference in New York on 6 May 2019.
Adam Jeffrey | CNBC
Doubleline Capital CEO Jeffrey Gundlach On Tuesday, the international stock will continue to overtake American equity, which he considers as a dollar secular downtrend.
Gundlach said at the webcast, “I think business is not the owner of American shares, but for stock in the rest of the world. It is definitely working.” “Dollar now that I think is the beginning of [a] Secular decline. ,
Gundalach, whose firm managed around $ 95 billion at the end of 2024, said that dollars-based investors who buy foreign stocks can enjoy “a double barrel air” if greenback declines against foreign currencies and international equity.
The dollar has weakened in 2025 as Trump’s aggressive trade policies reduced the spirit of American property and revalled with Greenback’s leading role in global commerce. US dollar index of ice This year is about 8% below.
Gundlach said, “I think it is fully intelligent to invest in some emerging market countries, and I will still choose India long term.” “But there is nothing wrong with some Southeast Asian countries, or perhaps Mexico and Latin America.”
Widely equipped investors said that foreigners invested in the United States also withdraws additional capital due to increased geopolitical stresses, and it could create another tailwind for international markets.
“If this is reversing, it is selling a lot that can happen. And this is one of the reasons why I advocate former US shares versus American shares,” he said.
Investors have been negative on the US markets and economy for some time, saying that many recession indicators are starting “red eyelids”.
Gundlach predicted that the Federal Reserve would remain at interest rates in its policy meeting next week, even the current inflation is “quite low”.
He estimated that inflation 2025 was likely to expire about 3%, although he accepted the difficulty in predicting future value pressures due to lack of clarity in President Donald Trump’s tariff policy.