Jeff Gundlach Says It’s Time to Go Short on Facebook

• April 23 2018
• Katia Porzecanski, Hema Parmar

Jeffrey Gundlach, the chief investment officer of Los Angeles-based DoubleLine Capital, uses the Sohn Conference in New York to tout the SPDR S&P Oil & Gas Exploration & Production ETF (ticker XOP) and to recommend shorting Facebook (ticker FB).

Jeffrey Gundlach, the chief investment officer of Los Angeles-based DoubleLine Capital, uses the Sohn Conference in New York to tout the SPDR S&P Oil & Gas Exploration & Production ETF (ticker XOP) and to recommend shorting Facebook (ticker FB).

On XOP: “Some people think inflation should not rise going into a recession, but actually the opposite is true,” Gundlach said. “One should expect that as the next recession approaches, commodities should have a big gain.”

On FB: “There’s good and bad going on in the world. Interpretations matter,” Gundlach said, discussing social media, and Mark Zuckerberg’s apology.

For more coverage of the Sohn Conference, read our TOPLive blog here.