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Gundlach hits out at ‘fake news’ over bearish US call

Gundlach hits out at ‘fake news’ over bearish US call

Having recently jointed Twitter, Jeff Gundlach wasted no time making his voice heard with a series of angry tweets aimed at press coverage of his recent Ira Sohn Conference address.

In four tweets sent over the past 24 hours, Gundlach targeted Bloomberg in particular and said the company’s headline had misunderstood his presentation, which was titled ‘Investment Cubism’.

Gundlach took issue with Bloomberg's understanding that his presentation had painted a bleak picture for the US stock market, which Gundlach said was not the case.

He said Bloomberg’s view that he was ‘bearish’ missed the fact his firm’s equity fund was performing strongly, according to Gundlach, and, echoing President Trump’s favourite refrain, it was ‘fake news’ to report otherwise.

Tweets in full (spelling and grammar unchanged):

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