DoubleLine Capital CEO Jeffrey Gundlach voiced caution on the S&P 500, given its "outrageous outperformance" since the COVID pandemic drawdowns.
"I think it's time to call it a day on riding the S&P 500," Gundlach, who is also DoubleLine's CIO, said Tuesday on a webcast. "I wouldn't have any of it in a portfolio."
He also lamented that massive waste, fraud and abuse in government — a "circular financial scheme" based on political donations and federal spending — is contributing to a deficit-based economy.
The billionaire investor offered several predictions and recommendations on the financial markets for 2026. Check out the gallery for eight of them.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.