Breaking Down Jeffrey Gundlach’s Next Big Trade

Published on
October 18th, 2020
9 minutes

Breaking Down Jeffrey Gundlach’s Next Big Trade

Presentations ·
Featuring Steven Van Metre

Published on: October 18th, 2020 • Duration: 9 minutes

Steven Van Metre, CPF, a macro fund manager and creator of "Portfolio Shield", breaks down Raoul Pal's recent interview with hedge fund legend Jeffrey Gundlach, CEO of DoubleLine Capital. In particular, Steve focuses on Gundlach's view on time frames, position sizing based on asset class, and how his style changes based on whether the market is alpha or beta driven. Filmed on October 13, 2020.



  • JA
    JOSE A.
    15 December 2020 @ 22:57
    I have heard Jeff in other interviews saying that his long term view usually spans to a period of 18-24 months.
  • TK
    Timothy K.
    8 December 2020 @ 10:59
    SVM... really liked the analysis. It helped me understand the mindset quite a bit. Thanks!
  • ND
    Nitul D.
    29 November 2020 @ 19:25 Delayed data for MOVE index but still does the job.
  • BV
    Baron V.
    22 October 2020 @ 11:44
    Real Vision "stars?" LOL. I can look up Gundlach performance and verify. Can't do that for RP. Great to point out time horizon issue, but still don't get why dollar is headed higher short term. Higher vs what? Also really amazing that instead of asking Gundlach why he thinks BTC is a "lie," RP just tells him he is wrong. That's not educational/informative for the audience, that's just the CEO of a financial media company using his platform to pump his own book.
    • RA
      Robert A.
      23 October 2020 @ 20:55
      Other than that Mrs. Lincoln, how was the play?
    • WT
      William T.
      25 October 2020 @ 14:37
      RP lives in the Cayman's, that should speak to his performance
  • KI
    Kevin I.
    22 October 2020 @ 10:43
    Good job Steve
  • NB
    Nikhil B.
    22 October 2020 @ 02:00
    Hi Steve great video. Just a quick question- how does Fiscal budget deficits leads to demand in Dollar? I thought the fiscal deficit will lead to weakening dollar.
  • lf
    liam f.
    21 October 2020 @ 19:20
    k.. haven't watched the video yet... shocking conclusion by SVM - Gundlach's next big trade is bonds. Because SVM is a bond salesman. I'll report back later with my findings.
    • lf
      liam f.
      21 October 2020 @ 21:38
      My report: Steve supports his own thesis on bonds in a twist of the century ;)
  • FC
    Frank C.
    21 October 2020 @ 19:53
    I really enjoy Steve's breakdown of these complex topics. As someone who isn't in the finance world, this extra layer of explanation is extremely beneficial. Thank you!
  • BS
    Brandon S.
    21 October 2020 @ 00:09
    Really enjoying these break downs.
  • JB
    Jeff B.
    20 October 2020 @ 17:49
    Really happy to see Steven on this platform to help translate and breakdown this wisdom.
  • mh
    michael h.
    19 October 2020 @ 22:20
    this guy copy people's trades for a living?
    • DT
      David T.
      20 October 2020 @ 17:34
      Where was a trade there?
  • GR
    George R.
    20 October 2020 @ 13:02
    The video was helpful. This should be a common thing.
  • ZY
    ZHENG Y.
    20 October 2020 @ 07:24
    This video really help me a lots (non-finance guy) keep this up...this is educational...
  • JA
    JOSE A.
    19 October 2020 @ 23:35
    Great segment!!!, well done Steven.
  • LH
    Luis H.
    19 October 2020 @ 19:06
    I really like was his concept and Steven is great at explaining. Keep the good work RV
  • DO
    DIOGO O.
    19 October 2020 @ 10:00
    I was taught that twin deficits refer to current account deficit plus the BUDGET (FISCAL) DEFICIT... I guess it was Kyle Bass that pointed that out and also and economics textbook...
    • JL
      Jason L.
      19 October 2020 @ 17:13
      People often use the terms interchangeably: current account deficit and trade deficit.
  • HA
    Hammad A.
    19 October 2020 @ 16:56
    Awesome video.... very helpful in getting our head around complex topics... Thank you
  • DS
    Dale S.
    19 October 2020 @ 16:14
    These breakdown videos are incredible when I don’t have time to re-listen to the episode. Excellent addition to the service!
  • HR
    Humberto R.
    19 October 2020 @ 12:06
    Great video Steve! You're teaching us to use prime sources of data instead of relying on headlines! One of the many things RV does wonderfully.
  • HR
    Humberto R.
    19 October 2020 @ 12:05
    In case anyone wants access to the MOVE index:
  • Am
    Alex m.
    19 October 2020 @ 11:51
    Nice summary Steven, would have been interesting to go into Jeff’s fondness of the “Permanent Portfolio” for the current climate. That was one of my biggest take away of the interview.
  • DO
    DIOGO O.
    19 October 2020 @ 10:10
    another point: one must NEVER look at the Current Account deficit and the Budged Deficit at total numbers. You must analyse it as %of GDP (Nominal). Check it out.
  • RG
    Ryan G.
    19 October 2020 @ 06:49
    Thanks Steve I really appreciate these break downs.
  • LV
    Leon V.
    19 October 2020 @ 03:29
    Thank you Steven. Please do more of these breaking down videos. They are very helpful.
  • SV
    Soeren V.
    19 October 2020 @ 03:22
    Loving this format of breaking down the key points of great interviews! Thanks for doing a great job, Steve!
  • JI
    JWD I.
    19 October 2020 @ 02:28
    Is it bad form to ask someone their investing time horizon and where are they at currently on that time horizon?
  • JJ
    Jay J.
    19 October 2020 @ 01:14
    Steven is an outstanding addition to RV, I look forward to more of his content. It’d be really great if you guys could get Constance Brown (of aerodynamic trading and author of Bloomberg market essentials: Fibonacci analysts as well as the 32nd jewel) on some time.
  • jr
    jim r.
    18 October 2020 @ 22:46
    Steve is a great asset to Real Vision. The charts are key and the simple breakdown is most helpful.
  • JR
    Josh R.
    18 October 2020 @ 22:39
    Good stuff
  • GA
    Gary A.
    18 October 2020 @ 22:39
    Thanks Steve, Love how you break this stuff down for us newbies.
  • BV
    Benji V.
    18 October 2020 @ 22:27
    These are the best. More Steven videos!
  • IM
    Indranath M.
    18 October 2020 @ 21:07
    Love these. Please continue with more.
  • CC
    Cole C.
    18 October 2020 @ 20:03
    Always love the chart work, thanks. And, I do believe Jeff stated he had a short-term, "small" position bullish the dollar. Great interview.
  • SC
    Sam C.
    18 October 2020 @ 19:39
    Well done!
  • TM
    Tommy M.
    18 October 2020 @ 18:53
    Keep up the great work!
  • KA
    Kelly A.
    18 October 2020 @ 18:42
    I love these! thx.
  • TD
    Thomas D.
    18 October 2020 @ 17:56
    Thank you for that very helpful explanation.