Photo: Business Insider
Jeff Gundlach is presenting at the Ira Sohn conference, and he just unveiled another wildly contrarian trade.
Are you ready for it?
It’s: Long Spain via the IBEX, and short the U.S. via the S&P 500.
This is of course his latest extreme pair trade idea.
The IBEX has been getting creamed, and the S&P has help up fairly well.
Previously he famously called for going long natural gas and shorting Apple.
That trade has done famously.
Gundlach is loving the mean reversion these days.