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Gundlach’s ‘free money’ trade is already paying off

8 11 17 vix COTD

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 read more >>>

Source:: BusinessInsider.Com

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