DoubleLine CapitalBond guru Jeff Gundlach of DoubleLine Capital laid out his outlook for 2016, and it doesn’t look cheery for energy investors.
Gundlach made a number of calls including oil staying at its incredibly low prices. In his opinion, the elevated levels of production will keep supply up and prices lower for longer.
Additionally, he believed that the Fed will only hike rates twice in 2016, not the 4 times they are saying now. He pointed to the current mess in the stock market as evidence.
In a new presentation titled “Just Markets,” Gundlach shared all the charts that he considered before making his calls. Each one is worth a close look.
Check them out below.