A month ago DoubleLine's Jeff Gundlach laid out his most recent chartapalooza view of the world and a lot has clearly changed in that brief period. In light of his comments this morning on CNBC that "the liquidation cycle appears to have run its course with Emerging Market bonds, US junk bonds, Munis, and MBS - all of which substantially underperformed Treasuries during the rate rise... July will not be a repeat of May/June in the rate market." We expect to hear more color for this market call during his discussion starting at 1615ET.
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Full Presentation to follow:
