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Why Jeffrey Gundlach Thinks Shorting Facebook Could Be Profitable

Sarah Sands
Why Jeffrey Gundlach Thinks Shorting Facebook Could Be Profitable

Billionaire investor Jeffrey Gundlach noted that rising commodity and crude oil prices are helping his bets on energy stocks. At the 2018 Sohn Investment Conference, he shared his concerns about the rising bond yield, which could accelerate the Federal Reserve’s rate hike process. Gundlach also shared his shorting bets at the conference and believes that shorting Facebook (FB) could be profitable for investors.