"Bond King" and billionaire investor Jeffrey Gundlach is looking for energy-related shares to blast higher and Facebook shares to head in the other direction.
During his presentation Monday at the 2018 Sohn Conference in New York, the head of DoubleLine Capital revealed he is long the SPDR S&P Oil and Gas Exploration and Production ETF and short shares of Facebook.
"Nothing new ever occurs in the business of speculating. What's happened in the past will happen again and again and again," Gundlach said.
"There's good and bad going on in the world. Interpretations matter," he added.
Gundlach sees Facebook falling as public perceptions of the company change. Where once the social network was considered at the vanguard of communications in the future and the leader among all of technology, recent revelations about how Facebook allows companies to mine its users' data has caused a public relations nightmare.