Bond King Jeffrey Gundach correctly called the decline in Apple. He now reveals his new position in the company.
Jeffrey Gundlach has made tons of money in the bond market and this year is no exception. His flagship DoubleLine Total Return Bond Fund has trumped Barcalys Aggregate US Bond Index this year. Gundlach is the CEO and Founder of DoubleLine Capital, an investment management firm that in fewer than four years now manages over $60 billion in assets.
But, what many investors may not know is that he’s also had some huge stock calls in the market, including the fall of Bank of America and a decline in Apple. So, on the day Apple is breaking below $400 per share, where does he see the tech giant going? We talk numbers with Jeffrey Gundlach.
To hear Gundlach discuss what’s next for the Apple, watch the interview above.