“The bond market thinks the Fed isn’t going to tighten at all in 2019 or 2020”, Jeffrey Gundlach, Wall Street’s bond king and founder and chief executive officer of DoubleLine, which manages $120 billion, said on Tuesday.
Key quotes (Source: CNBC)
It certainly looks like the U.S. (stocks) is going to break down to me and to a lower level.
The Fed seems to be on a “suicide mission,” raising rates while the government deficit increases as a share of GDP.
Corporate bonds remain very overvalued…corporate bonds should be avoided.
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