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Jeffrey Gundlach: Go Short on Facebook and Long on XOP

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.

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.

Source: Bloomberg Pro Terminal


 Trader Petar Milanov

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