I must have missed the headlines on the wires from Gundlach. Then again, the cartoons are on the telly in the morning, so ya gotta prioritize, right?
Thankfully Reuters have a recap of some his comments today:
He doesn't like the stock market:
- Says the rally in U.S. stocks, which began on Monday, feels like a short squeeze
- Said U.S. stocks are "dead money"
- "The market is not incredibly healthy" .... recent corporate earnings have come in weak.
So I guess he's buying, right?
On the Fed:
- Gives 50/50 odds on a June hike
- Says many Fed officials are "dying to raise rates," but that it is Fed chair Janet Yellen's opinion that matters the most.
- "All that matters is Yellen. She is still there. I feel like we are back in December again, where everyone thinks that there is a super secret that some Fed officials have this knowledge that the economy is really good."
Sooooo, if we're back in December then they'll hike, right?