Gundlach sees commodities outperforming in late-cycle boom

Sharp rally: There is a correlation between recessions and commodity prices, which tend to rise late in economic cycles dating back to the 1970s, according to Gundlach.

LOS ANGELES: Jeffrey Gundlach, the billionaire bond manager, said commodities may be one of the best investments this year as they surge during the late phase of the economic cycle.

“I think commodities will outperform in 2018,” Gundlach said during his annual “Just Markets” webcast on Tuesday, in which he gives his outlook for the coming year.