Jeff Gundlach quietly turns bearish on the dollar and long bonds while loading up on gold, commodities, and non U.S. markets for 2026

Jeff Gundlach on 2026 Positioning

TLDR:
> Long the belly (2-10 year maturities)
> Long commodities
> Long $GLD
> Long high-quality fixed income
> Long EM fixed income
> Long non-US equities
< Short USD $DXY < Short long-duration $TLT < Short private credit < Short high yield

https://twitter.com/zoomyzoomm/status/1999682682641613283 https://twitter.com/zoomyzoomm/status/1999683233710272667