In the inaugural episode of Gundlach Unlocked, DoubleLine CEO Jeffrey Gundlach outlines his current macroeconomic outlook and how investors should be thinking about positioning in today’s market environment.
Mr. Gundlach discusses why inflation might remain structurally above the Federal Reserve’s 2% target, why long-term interest rates have not meaningfully declined despite rate cuts, and why he believes the U.S. dollar could be entering a weaker phase. Against that backdrop, he highlights the case for real assets – particularly gold – along with commodities, high-quality fixed income, selective emerging markets exposure, and a shift away from concentrated U.S. large-capitalization leadership toward equal weight, value-oriented and non-U.S. equities.
Based on these views, Mr. Gundlach suggests a diversified allocation framework of approximately:
15% Real Assets (10% Gold, 5% Commodities) 30% Fixed Income 40% Equities 15% Income-Oriented “Dry Powder”
For specific fund positioning and implementation details, viewers are encouraged to join the next Gundlach Unlocked webcast in June, when Jeffrey Gundlach will discuss portfolio strategy in greater depth and answer audience questions in real time.
Register for the next Gundlach Unlocked
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.
