DoubleLine Capital

China's nominal GDP gap with the U.S. has widened since 2022, not from real growth, but from deflation and RMB weakness. The convergence story isn't dead, but it's stalled. linkedin.com/pulse/still-nu…

Deputy CIO Jeffrey Sherman urges investors to look past the headline ping pong and focus on fundamentals, sharing his views on stretched equity valuations, the case for EM local currency and what he sees as the most underpriced risk in markets today. youtube.com/watch?v=Qx71ue…

The April CPI report was a bit hotter than expected, with headline CPI rising 0.64%MoM vs. 0.6% consensus, and the year-over-year pace rose to 3.8%YoY vs. 3.7% consensus. Core CPI came in stronger, +0.38%MoM vs. +0.3% consensus;  year-over-year rose to 2.8%YoY, above the 2.7% consensus. Core goods inflation +0.03%MoM in April; +1.1%YoY; dragged down by -0.04%MoM used cars and trucks Core services inflation +0.50%MoM in April; +3.3%YoY; shelter growing at +0.61%MoM (impacted from Oct govt shutdown in OER); +3.0%YoY; airfares +2.8%MoM

DoubleLine’s Robert Cohen, Director of Global Developed Credit, joined @kgreifeld & @RomaineBostick live from DoubleLine’s L.A. offices to discuss AI financing, credit markets and the growing cracks in private credit. youtu.be/hSm1MFj1nAA

Portfolio Manager Ken Shinoda joined Bloomberg's @kgreifeld & @RomaineBostick live from DoubleLine's L.A. offices to share his views on the mortgage market, the diverging fortunes of residential and commercial real estate and why 2026 is shaping up to be the year of carry.

Name concentration: “Only 22 of the names in the S&P 500,” Macro Asset Allocation Strategist Ryan Kimmel notes, “have been outperforming the index over the last 30 days.” podcasts.apple.com/us/podcast/tec…

“The rates market continues to trade in lockstep with energy prices,” Ryan Kimmel says. “When energy is up, yields rise. When energy falls, yields reverse. It seems like the bond market is trading the inflation aspect of the U.S.-Iran war.” podcasts.apple.com/us/podcast/tec…

Tech concentration: “Tech has been driving everything in this stock market,” @DLineCap Portfolio Manager Jeff Mayberry says. “The five top tech companies have contributed about half of earnings for the first quarter of this year.”

The preliminary May reading of the University of Michigan Consumer Sentiment Index, Ryan Kimmel notes, “is at the lowest level since this series began. This is all driven by people feeling the pain from higher prices, and wages not keeping up.” 👉podcasts.apple.com/us/podcast/tec…

.@DLineCap Portfolio Manager Jeff Mayberry and Macro Asset Allocation Strategist Ryan Kimmel on May 8 review a stock market dominated by a handful of tech giants and bonds earning the carry while Treasuries danced to oil’s tune. podcasts.apple.com/us/podcast/tec…

DoubleLine CEO Jeffrey Gundlach welcomed Bloomberg's @kgreifeld & @RomaineBostick to our L.A. offices to discuss private credit's Wild West and the unlikely but thought-provoking scenario of a Treasury debt restructuring as a tail risk worth understanding. youtu.be/1yCyGFZMQng

DoubleLine's Bill Campbell joins Bloomberg's The Close to discuss the structural shift underway in global bond markets, why developed market debt deserves more scrutiny than it's getting and his views on Fed credibility following Powell's tenure. youtu.be/UTR1mSrUtbQ

DoubleLine's Ken Shinoda is back with his latest Channel 11 market update, covering the equity rally following the ceasefire, why Europe is lagging, what the 30-year Treasury yield means for risk assets and where he still sees value in fixed income. youtube.com/watch?v=xJR02G…

DoubleLine is excited to welcome @BloombergTV’s The Close hosted by @kgreifeld & @RomaineBostick today at 12pm PT in our LA offices, featuring interviews with Senior Portfolio Managers Bill Campbell, Ken Shinoda, Jeffrey Sherman, Robert Cohen and Jeffrey Gundlach.

Announced job cuts rose 23K MoM to 83K in April on a seasonally adjusted basis, based on the report from Challenger, Gray and Christmas. The total number of layoff announcements in the first four months of 2026 was 50% lower than in 2025.

Get your popcorn out! 🍿 DoubleLine CEO Jeffrey Gundlach joins the @MilkenInstitute to take on the Wild West of private credit in a panel at #MIGlobal. Watch it live 👇 |📅 Wednesday, May 6 · 11:30am PT vimeo.com/1182050291?fl=…

DoubleLine Deputy CIO Jeffrey Sherman shares what he calls the "dirty little secret" of the bond market: the front of the curve has historically offered one of the highest Sharpe ratios, yet it's frequently overlooked because it's difficult to lever and scale.

ISM services PMI declined 0.4 points to 53.6. The details signaled broader inflation pressure and subdued employment growth across the services sector.

The headline JOLTS job openings data for March in line with expectations. Job openings 6.87m vs. 6.85m consensus and 6.92m the previous month (revised up from 6.88m). This brought the job openings rate to 4.1%. On a positive note, the hiring rate rose 0.4% to 3.5%, but still below the 2017-2019 average of 3.8%. The layoff rate rose to 1.2% and the quits rate ticked up to 2.0%. The labor market continues to exhibit a “low hire low fire” dynamic.