Expect a rally in bonds very soon, DoubleLine Capital's Jeff Gundlach said Wednesday on CNBC.
"I think the place – the one place – that you're likely to make money in the next several weeks, maybe couple of months, is actually, believe it or not, the most hated asset on the planet: Long-term U.S. government bonds," he said. "That's what I think is going to be the most successful investment."
On "Fast Money," Gundlach, who was named "the king of bonds" by Barron's in 2011, said that he was looking to inflation – or the lack of it – as the reason bonds would do well.
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"There's no sign of inflation," he said. "When you look at the commodity market in particular, it really looks bad.