Powell’s “kryptonite” is negative rates, added Gundlach, adding that quantitative easing and zero rates have clearly not worked in the past.
Money managers caution that such an environment could fuel reckless investment already stoked by a flood of fiscal and monetary stimulus.
The year’s lockstep in price movements holds across 30 assets. The JPMorgan analysis included the S&P 500, bonds, commodities, and emerging markets.
"Gambling casinos are closed and the Fed is promising you free money for the next two years, so let them speculate," Omega CEO says. He added: "Let