Odds are that with rates in general low, an expanding Fed balance sheet will have to come into play in a much bigger way in the next downturn, and the Fed will probably be slow in figuring that out. Risk assets may struggle to take solace in that.
The former bond king can’t stop the withdrawals, with assets now below $1 billion.
Half of the debt in investment grade corporate bond funds teeters just above junk. If the economy slows and downgrades force passive fixed income managers to sell, will ETF investors feel the pinch?
Jeffrey Gundlach countered President Donald Trump’s claim that he’s presiding over the strongest economy ever. The growth is debt-based, he said.
There’s peril ahead for both stocks and bonds.
The benefits of an ETF wrapper can apply as much to actively managed strategies as they do to their passive counterparts.
Investors need more information, but it’s not clear who will end up paying for it.
Refinitiv's Tradweb Markets bond-trading platform could be worth more than $4 billion in an IPO.
DoubleLine’s chief investment officer warns about complacency in stocks, high-yield bonds and bank loans.
