DoubleLines Gundlach: US market leadership is reversing

DoubleLines Gundlach speaking on CNBC

The so called Bond King is on CNBC saying:

• CPI inflation may hit 3% in May/June
• US market leadership is reversing
• The Fed wants inflation meaning, they want inflation to be higher than rates on any part of the yield curve
• We are not out of a recession
• long term market trends are changing
• If the 10 year goes above the CPI that might be the trigger for the Fed to come in the market. Right now, the 10 year yield is not near inflation.
• Wealth inequality has gone to absurd levels