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.
Business Insider Emails & Alerts
Site highlights each day to your inbox.