Gundlach recommends a significant shift toward "real assets," suggesting that a 20% to 25% allocation to gold is not excessive in the current market environment.
Gundlach noted that gold has replaced the long bond as the primary "flight-to-quality" asset. He remains highly bullish, stating he would buy gold "with both hands" if the price dipped to $3,500 an ounce. Will start nibbling at $4100-$4200.
The United States is by far the world's largest oil producer, and together with Saudi Arabia, they could supply 100% of Iran's exports (1.5 million barrels per day) to the market within weeks.
The United States produces more natural gas than Russia, Iran, and China combined.
The European Union must sign the trade agreement with the US to avoid a supply crisis.
Tables by Rystad, Bloomberg
Scott Bessent said that the US does not view the Strait of Hormuz as a "choke point" for the global economy.
Like I‘ve been saying, two realities can be simultanously correct. The Hormuz Strait might not be a choke point for the US exports, but it is for the rest of the world.