March 17, 2023

Total Return Macro Webcast: Survivor 3-7-23

DoubleLine CEO and CIO Jeffrey Gundlach, who has outlasted most of his industry peers as well as endured seven years in the fixed-income dungeon when yields were zero or 1%, breaks down the macro forces impacting the economy in the latest Total Return webcast, “Survivor.” Mr. Gundlach kicks things off with a look at the U.S. deficit (2:29) before reviewing the federal funds rate, including its echoing of the two-year Treasury (8:19); running down some recession indicators (14:00) such as the rise in consumer revolving credit, which Mr. Gundlach notes, nobody turns to because they want to; and looking at the state of inflation in the U.S. and other markets (29:11).

As part of his inflation review, Mr. Gundlach talks commodities (33:08), U.S. investment grade and high yield debt (38:12) and mortgage-backed securities (42:53). The webcast concludes with Mr. Gundlach taking questions from viewers (47:09), including talk of how default cycles will look in this new period of rising interest rates.



  • Jeffrey Gundlach

    Jeffrey Gundlach

    Mr. Gundlach is CEO of DoubleLine.  In 2011, he appeared on the cover of Barron's as "The New Bond King."  In 2013, Institutional Investor named him "Money Manager of the Year."  In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets.  In 2017, he was inducted into the FIASI Fixed Income Hall of Fame.  Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.