I may style myself The Guru, but when it comes to fixed income investments, I defer to the King. The Bond King, that is, Jeffrey Gundlach of DoubleLine Capital. I am not sure of the etymology of his royal title, but I find Gundlach to be the keenest observer of the obscure inner workings of the bond markets, especially now that Bill Gross has retired. His strategy of buying calls and puts--a strategy known by options pros as a long straddle--on the iShares Barclays 20+ Yr U.S. Treasury Bond ETF (TLT,)-is one that I will look to emulate in the coming weeks for my clients’ portfolios. So, listen to the Bond King.

Source: Forbes May 07, 2019 19:07 UTC