DoubleLine Capital CEO and Chief Investment Officer Jeffrey Gundlach recommends avoiding the long-term bond market now, preferring three- and five-year Treasurys instead, along with gold and international stocks.
“It looks like money is not really coming into the United States the way it used to. And you know, when you're threatening tariffs and other punitive actions on trading partners, they're probably disinclined to increase their purchases of your debt,” particularly at the long end, he said Monday on CNBC.
The billionaire investor said he’s sticking with what he sees as long-term trends as employment and the economy appear to be weakening — until there’s a fundamental reason on the horizon why they will change.
In the gallery are Gundlach’s latest views on various market matters, per the cable TV interview.
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