Comments from Jeff Gundlach (via Bloomberg)

  • The market is pricing in one Fed rate hike in 2016 vs. the Fed forecasting 4
  • No base case for US recession in near term
  • We now have quantitative tightening
  • S&P500 has 2% upside but 20% downside

More:

  • Markets showing they don't want negative rates
  • If Trump wins, expect fiscal stimulus for military
  • Disappointing China data a trend skewing global numbers