Post by reub on May 26, 2016 22:16:22 GMT
www.reuters.com/article/us-funds-doubleline-gundlach-idUSKCN0YF2S8
So is that all there is?
"Jeffrey Gundlach, the chief executive officer of DoubleLine Capital, said on Tuesday that the rally in U.S. stocks, which began on Monday, feels like a short squeeze and characterized U.S. stocks as "dead money."
"The market is not incredibly healthy," Gundlach said in a telephone interview, noting recent corporate earnings have come in weak. Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said the S&P 500 index .SPX "has gone nowhere in the past 12 months to 18 months."
On the Federal Reserve, Gundlach said it is still 50/50 odds that the U.S. central bank will raise interest rates in June. He said many Fed officials are "dying to raise rates," but that it is Fed chair Janet Yellen's opinion that matters the most."
So is that all there is?
"Jeffrey Gundlach, the chief executive officer of DoubleLine Capital, said on Tuesday that the rally in U.S. stocks, which began on Monday, feels like a short squeeze and characterized U.S. stocks as "dead money."
"The market is not incredibly healthy," Gundlach said in a telephone interview, noting recent corporate earnings have come in weak. Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said the S&P 500 index .SPX "has gone nowhere in the past 12 months to 18 months."
On the Federal Reserve, Gundlach said it is still 50/50 odds that the U.S. central bank will raise interest rates in June. He said many Fed officials are "dying to raise rates," but that it is Fed chair Janet Yellen's opinion that matters the most."