Hedge fund billionaire Jeffery Gundlach - this from his regular webcast 9or whatever the kids call those now)
- global economic growth is slowing
- mood of markets feels like a set up for a bear market now and into 2019
- fall in Deutsche Bank, Credit Suisse shows weakness in global economy
- leading economic indicators may not pick up on US recession caused by poor global conditions
- US GDP, excluding inventory, is at one its weakest levels of the past 3 to 4 years
(Kudos to Reuters for the headlines )
Comments here from Gundlach, do with them what you will, join in or fade are two alternative options. An example here might be his comments on DB … its no secret that the bank has more problems than simply a weaker global economy.
Anyway, a lot of people make the mistake of not forming their own views, railing against Gundlach's comments, always looking for someone to blame …. same old, same old. Don't be one of those guys! ;-)
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Gundlach is founder and CEO of Doubleline Capital
