Jeffrey Gundlach Warns of Investor Complacency
Jeffrey Gundlach, founder of Doubleline Capital, sounded alarm bells a couple of weeks ago with his warning of complacent investors and a call to sell everything except gold. He sees the yellow metal hitting $1,400.
Gundlach is concerned about stagnant corporate profits and overpriced Treasury bonds.
Gundlach has also gone on record saying Donald Trump will win the presidential election.
Nearly two years ago Gundlach said there was no need for the Fed to raise rates and provided ideas on how investors could assemble a portfolio providing 8% income [link].