Amid the publicity around the event, Chinese media suggested Sun’s businesses involved in illegal activities and that he had been barred from travel.
If you weigh the yield curve differently, you get a 63% chance of a recession. The latter is in line with Gundlach's sense of the economic odds ahead.
However, Kudlow then promptly had to reverse himself as President Donald Trump said he had not ruled out measures to counter the dollar’s strength.
Eliminating a net drag is good, so if your clients are hungry for income, remind them that a strategy doesn't have to be thrilling to turn into cash.