Gundlach’s ‘free money’ trade is already paying off
|08/13/2017||Posted by BusinessMediaguide.Com under General World News||
Jeff Gundlach has nailed it again — at least for now.
The CEO of DoubleLine Capital who’s sometimes described as Wall Street’s ‘bond king’, told CNBC on Tuesday that betting on more stock-market volatility was an easy way to make money.
“I think going long the VIX is really sort of free money at a 9.80 VIX level today,” Gundlach said, referring to the CBOE’s Volatility Index. Described as the fear gauge, it tends to trade in the opposite direction to the S&P 500 and reflects traders’ bets for outsized moves in the market.
“I believe the market read more >>>