CEO of DoubleLine Capital sees conditions brewing that could eventually
unleash price swings upon a market so starved for them.
“One way or another, it’s going to have to break,” Jeffrey Gundlach,
co-founder and chief executive officer of DoubleLine Capital, said in an
interview on CNBC. “I think it’ll break to the upside. If it happens,
that will introduce volatility into the market.”
He’s specifically eyeing a threshold at 2.42%, a level that hasn’t
been breached since March. The 10-year sits at 2.27% as of 1:14 pm ET on
Tuesday, and has tested but not exceeded 2.42% on two separate
occasions in the past five months.
“It sounds like you’re calling a bond yield-fueled stock market correction,” replied interviewer Scott Wapner.
While Gundlach did not repeat the phrase back to Wapner, he simply
replied “yes,” before diving into his views on the stock market, as well
as the CBOE Volatility Index — or VIX — which serves as a fear gauge for the S&P 500.
Gundlach made waves two weeks ago when he purchased some five-month put options on the S&P 500, calling it “free money.”
He expanded upon the trade and those comments on CNBC, stressing that
the investment was less of a bear call on the S&P 500, and more of a
bull call on the VIX, which has sunk to record lows in recent weeks. It
traded as low as 9.52 on Tuesday.
“With all of the shorting of the VIX that’s out there, I think you
could have a big shock higher from offsides positioning,” he told CNBC.
“When we get whatever correction is coming, the VIX will easily go to
The way he looks at it, stock market volatility is so low right now
that the S&P 500 only has to drop 3% by the time the options expire
for the trade to be profitable. He thinks that should be enough to spur
an outsized VIX move.
“I’ll be surprised if we don’t make 400% on those puts,” he said,
before trotting out what’s quickly becoming his new catch phrase. “Going
long the VIX is free money.”
L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)
A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .
They attempted this because they believed that would trigger their ticket out of prison.
According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.
The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.
He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.
When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.
But it turns out, their little ploy worked but, only halfway.
Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.
“What they won’t catch is a break” said the Sheriff.
Watch the Video HERE
COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)
A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.
The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.
Below are the Screenshots of the Facebook post:
This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.
what do you think of this? Drop your comments below.
“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.
The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.
Reno Omokri ‘s tweet reads:
His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
, who is London, wants us to patronise made in Nigeria!