The economic dynamics that became the norm as interest rates declined don’t necessarily hold now, DoubleLine Capital CEO and Chief Investment Officer Jeffrey Gundlach noted on a recent webcast.
Recent developments in the economy and bond markets “seem to be almost surreal,” he said, and patterns that emerged “during the secular interest rate decline can no longer apparently be mapped over to economic relationships today.”
Gundlach touched on a multitude of data points and what they suggest for markets and the economy. Check the gallery for eight predictions on how the coming months and years could play out, and where to invest now.
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