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“You Could See Panic”: PIMCO Joins Gundlach In Loading Up On S&P Puts

In the world of giant bond funds, imitation of trades just may be the sincerest form of flattery.

Just two days after DoubleLine’s Jeff Gundlach told Bloomberg and CNBC that he was taking profits in high risk assets, including corporate profits, building a buffer and loading up on VIX as a surge in volatility was his “highest conviction trade” (and correctly so, as just one day later VIX soared from 10 to 17), that “other” bond titan, Pimco said it was doing precisely the same. …

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