Doubleline's Jeff Gundlach presented his 2013 Market Outlook on January 8, titled "The Year of the Snake," choosing this analogy to describe how "coiled" some markets are, and ready to "strike."
Here are some highlights:
⢠Bonds are not in a bubble.
⢠European debt is not attractive.
â˘Â Japanese stocks are still attractive long term, but at the moment it's hard to be in love with them. There may be another 1000-2000 points left in ⢠the Nikkei.
⢠The "fiscal crisis" is a bigger deal than the fiscal cliff.
⢠Gold is going to make a strong move one way or another, it won't go sideways.
⢠Likes long Shanghai/short S&P.
⢠30-year yield will be lower a year from now, but higher 3 years from now.
⢠Doesn't like homebuilding stocks.
⢠Apple (AAPL) is going to $425.
You may view or download the complete slidedeck for his presentation below:
Highlights courtesy of Business Insider
