Dealmaking is another way companies could deploy their resources, with Goldman projecting S&P 500 cash spending on M&A will jump 45% this year.
Gundlach highlights that he’s not a fan of BTC and adds that he does not own the leading crypto asset, even after its 50% plunge from record levels.
“There’s nothing overvalued in today’s interest rate environment except the bonds,” the Omega family office chairman says.
The investor also said that the Delta variant won’t derail the recovery. Ackman also said that higher inflation is likely to be a “new normal.”