The king of the bond market is indignant.
Billionaire investor Jeff Gundlach says he is joined Twitter because he is “getting tired” of inaccurate reporting about him.
“I’ve had 5 consecutive news reviews which can be utterly mistaken,” Gundlach said Monday at the twenty second annual Sohn investment conference in manhattan.
Gundlach, whose up to date success has given him the unofficial “bond king” title that was reserved for rival bill Gross, didn’t give an explanation for which stories upset him.
The CEO of DoubleLine Capital stated he’s “shunned social media,” rather than Twitter. His Twitter deal with? @TruthGundlach.
inside two hours, Gundlach accrued greater than 4,000 followers, when put next with just two followers when he began conversing.
associated: Why stocks don’t seem to be going any place these days
Gundlach’s love for Twitter ( gives him one thing in in style with President Trump, who famously makes use of the platform to circumvent the mainstream media and get his message directly to supporters. , Tech30)
Gundlach surprised the group of finance professionals eventually year’s Sohn conference with the aid of predicting an upset in the race for the White home.
“i believe you want to prepare for a Trump presidency,” Gundlach stated on the could 2016 experience, adding that Trump would dramatically add to the U.S. debt via ramping up executive spending.
financial mavens pay $ 5,000 for tickets to attend the Sohn conference. This year’s adventure raised greater than $ 3 million to deal with and treatment pediatric cancer.
in addition to bashing the media, Gundlach expressed skepticism concerning the Trump rally on Wall side road. Gundlach, who largely invests in bonds, said the S&P 500’s valuation is at a “stretched degree” when compared to the total measurement of the U.S. economy.
“there may be just not a number of upside,” Gundlach mentioned.
CNNMoney (new york) First printed could 8, 2017: 6:forty five PM ET
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