Miscellaneous Quotes for Week to 16th June 2017

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Jeffrey Gundlach, CEO and CIO of DoubleLine from CNBC

The days of low volatility are numbered

“We’re on increasing watch for volatility….there is a massive amount of money that is being short VIX. It’s a trade that’s made a lot of money and its very very crowded, which suggests to me the days of low volatility are numbered.”

Stock up on cash

“If you’re a trader or a speculator I think you should be raising cash today, literally today. If you’re an investor you can easily sit through a seasonally weak period,”

 

Bank of England’s Monetary Policy Committee (MPC) on 15th June

Slow growth in Q1, Q2 expected to be better

“GDP growth declined markedly in the first quarter, in part reflecting weaker household spending.  It remains to be seen how large and persistent this slowdown in consumption will prove….Surveys of general business activity suggest a modest recovery in GDP growth in the second quarter.”