Money

Gundlach's 'free money' trade is already paying off

5 days ago   |   By

Jeff Gundlach has nailed it again - at least for now.
The CEO of DoubleLine Capital who's sometimes described as Wall Street's 'bond king', told CNBC on Tuesday that betting on more stock-market volatility was an easy way to make money.
"I think going long the VIX is really sort of free money at a 9.80 VIX level today," Gundlach said, referring to the CBOE's Volatility Index . Described as the fear gauge, it tends to trade in the opposite direction to the S&P 500 and reflects traders' bets for outsized moves in the market.
"I believe the market will drop 3% at a minimum sometime between...
Read more ...

 


Search by Tags

   Money      Volatility      Jeff Gundlach      VIX      Chart Of The Day  


If you're watching the total solar eclipse, don't forget to wear sunscreen

Getty If you're planning to marvel in the total solar eclipse on August 21, be sure to wear sunscreen - especially if you're planning to view it for a long time. While you... Read more ...

WYSTC 2017 to attract more than 500 travel professionals at Montreal

WYSE Travel Confederation and Destination Canada will partner this year to host some of the world's most important buyers and sellers of youth tourism and educational travel... Read more ...

An activist hedge fund has reportedly amassed a $400 million stake in yogurt...

Julia Calderone/Tech Insider Activist hedge fund Corvex Management is loading up on shares of Danone, the $53 billion French conglomerate that sells yogurts like YoCrunch and... Read more ...

Bank of America just revealed its new travel rewards credit card - here's...

REUTERS/Shannon Stapleton Bank of America is stepping up its game in the travel rewards credit card competition, revealing its new Premium Rewards card, which will launch in... Read more ...

Saturday's Best Deals: Lawn Games, Bookshelf Speakers, Anker RoboVac, and More

Klipsch bookshelf speakers , an Amazon lawn game sale , and your last chance to save on the Eufy RoboVac lead off Saturday's best deals. Read more ...

Jamaican Tourism Director resigns from his office

On Friday, Paul Pennicook, Tourism Director of Jamaica resigns from office. It brings to a final conclusion of his three-year term. In July 2014, Pennicook had returned to the... Read more ...

Trump is skipping an arts awards ceremony after his entire arts and...

REUTERS/Kevin Lamarque WASHINGTON - The White House has announced that President Donald Trump and the first lady have decided not to participate in events honoring recipients... Read more ...

An 11-year-old and a 7-year old teach me about Roblox, the video game that's...

If you're older than, say, 15, there's a healthy chance you've never heard of Roblox. Although Roblox has been available for PCs since 2005, the game has exploded in popularity... Read more ...

Why white nationalists chose Charlottesville - a liberal and cosmopolitan...

Getty Images CHARLOTTESVILLE, Va. - The white nationalists behind last weekend's violent rally found an appealing target in the historic town where Thomas Jefferson founded a... Read more ...

Amazon makes the best tablets for kids, and they're on sale right now

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Amazon A few... Read more ...