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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):

Twitterati

Gundlach, who is founder and CEO of DoubleLine Capital, joined Twitter last week under the handle @Truthgundlach to defend himself against a spate of parody and unofficial accounts.

He follows the likes of fellow bond manager Bill Gross in using Twitter as a key platform for espousing his market views.

The pair, who almost ended up working together when Gross left Pimco in 2014, clashed earlier in the year when Gundlach questioned Gross’s assertion over what would truly signify a bear market for bonds.

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