Jeffrey Gundlach: An Unprecedented Opportunity in Bonds

Sell stocks and buy opportunistic bonds, according to Jeffrey Gundlach. “The capital gains potential is the best in the last 15 years," he said. Bonds are “the place to be.”

Bond yields are up 300 basis points this year, creating opportunities that “blow away” the stock market on a risk-adjusted basis. There are many ways to achieve an income stream far in excess of the stock market, according to Gundlach.

Gundlach spoke to investors via a webcast, which he titled “Rehab,” and the focus was on his flagship total-return fund (DBLTX). Slides from that webcast are available here. Gundlach is the founder and chairman of Los Angeles-based DoubleLine Capital.