Jeffrey Gundlach Private

Market intelligence for discerning minds. Deep stock research, price action, and timely insights-shared selectively with trusted few. MAIN PAGE: @TruthGundlach

[Jeffrey Gundlach @TruthGundlach]

I doubt the Bills would have won today if McDermott was still the coach.

[Jeffrey Gundlach @TruthGundlach]

Bessent: “I am the house now. Bet against the house if you want.”

They’re betting against the house.

[Jeffrey Gundlach @TruthGundlach]

UST yields at new highs for the year all across the curve.

Including the 30 year.

[Jeffrey Gundlach @TruthGundlach]

The 2, 5 and 10 year UST yields have reached YTD highs. The 30 year UST yield has not.

[Jeffrey Gundlach @TruthGundlach]

Say the Feds succeed at thwarting a potentially deadly terrorist plot. I doubt a defense of “no one has been harmed, and no one claims to have been harmed” would even be attempted.

[Jeffrey Gundlach @TruthGundlach]

Perhaps the Fed Chair denouncing forward guidance will be remembered for giving thinly veiled forward guidance at his first major speech as Chair. Perhaps.

[Jeffrey Gundlach @TruthGundlach]

Fascinating that Kevin Warsh opened his Jackson Hole remarks talking about “hikes”.

[Jeffrey Gundlach @TruthGundlach]

Major private equity/credit firm obfuscated its affiliated transactions and leaned heavily on suspicious ratings issued by a single rating agency. That agency rated 3200 deals in a year with a staff of 25 analysts. Deal documents are hundreds of pages.

[Jeffrey Gundlach @TruthGundlach]

My father was born this day in 1925 in Ebenezer New York. I miss you Dad. Go Bills.

[Jeffrey Gundlach @TruthGundlach]

The U.S. National debt officially surpassed $40 Trillion yesterday.

Today the Treasury department announced a doubling of periodic purchases of long term U.S. Treasury bonds.

[Jeffrey Gundlach @TruthGundlach]

It is said noone “rings a bell” at risk market tops, but there are declarations of “new asset classes involving ‘financial innovation’ abetted by questionable ratings” to watch out for.

[Jeffrey Gundlach @TruthGundlach]

NVDA $500B fund (not to be confused with funding) consortium plan will not likely age well. Assets of unknown life as collateral for long term debt? Why not do a 30 year ABS deal backed by warehouses of bananas? It’s OK, they’ll be newly engineered bananas of unknown life.

[Jeffrey Gundlach @TruthGundlach]

Now looking like the U.S. National Debt will surpass $40 Trillion by Labor Day.

[Jeffrey Gundlach @TruthGundlach]

Reported total returns since April 4, 2012 (Inception date of TCPC):

Cumulative Annualized

TCPC. 4.01%. 0.28%
Bloomberg Agg Index. 31.39%. 1.92%
High Yield Index. 121.16%. 5.69%
90-day T-Bills. 26.96%. 1.68%

[Jeffrey Gundlach @TruthGundlach]

Lennon’s Revolution
You say you’ll change the Constitution
Well you know
We’d all love to change your head
You tell me it’s the institution
Well you know
You better free your mind instead
Cause if you go carrying pictures of Chairman Mao
You ain’t gonna make it with anyone anyhow

[Jeffrey Gundlach @TruthGundlach]

The 5th amendment is about not compelling self-incriminating testimony. Invoking the 5th in response to “what color is your tie” has nothing to do with self-incrimination. It is simply arrogant contempt.

[Jeffrey Gundlach @TruthGundlach]

The most troubling thing about the Fauci diaries is his almost cheerleading the rising death count because the rising death count correlated to his growing media celebrity, as he reported in detail.

[Jeffrey Gundlach @TruthGundlach]

The greatest financial media moment year to date was Michael McKee teeing up and then delivering “what are you waiting for” to Warsh.

[Jeffrey Gundlach @TruthGundlach]

Federal, State and Local tax collections plus the unending deficits combined are about 40% of US GDP.

Yes, government is 40% of the US economy.

[Jeffrey Gundlach @TruthGundlach]

The US National Debt will exceed $40 Trillion before Halloween.