Here's One Jeff Gundlach Trade That's Already A Disaster ...

Jeff Gundlach was riding high with one super-contrarian pair trade (long natural gas/short Apple) that has been doing amazing ever since he proposed it.

But here’s one that’s not doing so hot.

On May 16, he proposed going long Spain, short the S&P 500, with the same idea … go long the most hated asset in the world, while shorting the one market that was holding up.

Well, that’s a disaster.

Long EWP (the Spain ETF) and short PY (the S&P ETF) is down about 5 per cent today.




For more on why Spain is a wreck and in trouble, see here >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

moneygame-us spain