Bill Gross cautioned that US equities may not be suitable holdings in an environment where policy shifts hinge on unpredictable leadership.
Investors are worried something is about to 'blow up' in markets. Surge in long-term Treasury yields has rattled investors in aftermath of tariffs.
Treasury Secretary Scott Bessent on attributed the chaos in the bond market to "some very large leveraged players" that are experiencing losses.
JPMorgan Chase (JPM) CEO Jamie Dimon called a US recession a "likely outcome" amid the turmoil triggered by President Trump's tariffs.