DoubleLine's Gundlach says Fed's 'higher for longer' stance a problem
© Reuters. FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid/File Photo
"It's a problem," Gundlach, noting that the stock market"has already figured it out and it doesn't help that bond yields have gone up." He spoke at an event organized by the investment manager in New York City. "It's wise to be aware that there would be economic weakness in the first half of next year," Gundlach said, adding that he expects a rate cut in the same period as well.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Use standard writing style.
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