DoubleLine Capital

DoubleLine is an investment management firm and investment adviser.

@DLineFunds
@DLineMinutes

[DoubleLine Capital @DLineCap]

DoubleLine’s Mariya Entina identifies AI infrastructure capex as a two-edged sword: while visible in certain high-flying stocks, the AI-driven earnings bulge poses an underrated risk among investment grade corporate bond issuers outside tech.

👉https://t.co/47esuSm2GK

[DoubleLine Capital @DLineCap]

DoubleLine’s Mariya Entina identifies AI infrastructure capex as a two-edged sword: while visible in certain high-flying stocks, the AI-driven earnings bulge poses an underrated risk among investment grade corporate bond issuers outside tech.

👉https://t.co/47esuSm2GK

[DoubleLine Capital @DLineCap]

China's auto exports have become a useful gauge of how its manufacturing base is reaching global markets, with autos joining batteries, solar and electronics as part of an export mix that now carries large, deeply integrated supply chains behind it.

https://t.co/zas79he0Im

[DoubleLine Capital @DLineCap]

DoubleLine Deputy CIO Jeffrey Sherman joins Bloomberg's @kgreifeld & @RomaineBostick to discuss the U.S. Treasury rally, why core inflation still has a problem, the Fed’s bias toward a hike and why DoubleLine remains underweight AI credit.

[DoubleLine Capital @DLineCap]

China's auto exports have become a useful gauge of how its manufacturing base is reaching global markets, with autos joining batteries, solar and electronics as part of an export mix that now carries large, deeply integrated supply chains behind it.

https://t.co/zas79he0Im

[DoubleLine Capital @DLineCap]

Gundlach: The dollar on the euro-influenced DXY has been incredibly stable. Warsh's stance on the dollar should be on the margin positive for the dollar.

[DoubleLine Capital @DLineCap]

DoubleLine's Morris Chen discusses CRE credit, the bifurcated recovery and why brick and mortar still offers the better risk-reward vs. data center debt with Bloomberg's @kgreifeld, @EricBalchunas and @scarletfu.

[DoubleLine Minutes @DLineMinutes]

With gold rebounding off support at $4,000/troy oz., DoubleLine Portfolio Manager Jeff Mayberry suggests, “It might be an interesting time to get back into gold.”

https://t.co/5k7yz3h7zp

[DoubleLine Minutes @DLineMinutes]

“The dollar has finally broken out of a fairly narrow 12-month range,” @DLineCap Macro Asset Allocation Strategist Ryan Kimmel says. “Definitely benefiting from the hawkish posture of Kevin Warsh as the new Fed chair.”

👉https://t.co/5k7yz3h7zp

[DoubleLine Minutes @DLineMinutes]

“The Mag 7 made their last high vs. the S&P 500 Equal Weight late last October,” Ryan Kimmel notes. “Despite the narrative of earnings being super-concentrated, the Mag 7 is quite a bit lower vs. the Equal Weight over the last 6 months.”

👉https://t.co/5k7yz3h7zp

[DoubleLine Minutes @DLineMinutes]

.@DLineCap's Jeff Mayberry and Ryan Kimmel review a June 22-marked by leadership from neglected stock sectors, significant curve flattening on a more hawkish than expected Kevin Warsh and weak commodities amid a Warsh-applauding dollar.

https://t.co/5k7yz3gzJR

[DoubleLine Minutes @DLineMinutes]

The third estimate of Q1 GDP showed the economy grew by 2.1%QoQ annualized vs. 1.6% previous estimate, higher than 1.6% consensus.

Personal consumption revised down to 0.5% from1.4%. Investment revised to 7.9% from 7.0%, equipment (+15.8%) and IP (+13.8%), residential (-7.8%).

Government spending unchanged at a strong 4.4%. Big positive revisions to net exports, detracting -0.4% vs. -1.3% previous estimate, driven by downward revisions to imports.

Real final sales to domestic purchasers looks a bit weaker now at 1.7% vs. 2.4% prev estimate.

[DoubleLine Capital @DLineCap]

DoubleLine Deputy CIO Jeffrey Sherman joins Bloomberg's @kgreifeld & @RomaineBostick to discuss the U.S. Treasury rally, why core inflation still has a problem, the Fed’s bias toward a hike and why DoubleLine remains underweight AI credit.

[DoubleLine Capital @DLineCap]

Investors are borrowing record amounts to buy stocks, and that borrowing is growing twice as fast as the market itself. Historically, that imbalance has often come before sharp losses. If markets stumble, forced selling can make the drop much worse.

https://t.co/ehVVcfzfVs

[DoubleLine Minutes @DLineMinutes]

S&P Global US PMI preliminary reading for June was solid; manufacturing at 55.7 vs. 54.6 consensus, a 4-year high.

Services 51.3 vs. 51.1 consensus. This brings the composite to 52.2 vs. 51.5 the previous month.

[DoubleLine Capital @DLineCap]

Gundlach: This two percent inflation thing has been so out of whack for 5 years. Warsh realizes that we need to get there. The power of inflation compounding at 3 percent is dangerous.

[DoubleLine Capital @DLineCap]

Gundlach: One thing in Warsh's favor - the inflation rate is coming down, at least in the months ahead.

[DoubleLine Capital @DLineCap]

DoubleLine CEO-CIO Jeffrey Gundlach joins Felix Zulauf and moderator @ttmygh for a wide-ranging macro discussion covering the late-stage AI cycle, why long rates won't fall even in a recession and why private credit is starting to feel a lot like 2006.

https://t.co/3KIlLl88TM

[DoubleLine Capital @DLineCap]

Gundlach: The back side of that will be the funding of that gargantuan spending. That's going to be a problem. I'm not very involved in U.S. equities. To the extent I am, I'm not market-cap weighted or in momentum.

[DoubleLine Capital @DLineCap]

Tune in now: DoubleLine CEO Jeffrey Gundlach joins @CNBC to break down Fed Chair Warsh's debut FOMC press conference.

[DoubleLine Capital @DLineCap]

Gundlach: The equity market is very high after a thrilling run. The S&P 500 is concentrated in 10 names. The spending cycle has led to real time earnings being off the chart.