Gundlach: This Needs To Get Worse
DoubleLine Capital CEO Jeffrey Gundlach is worried about the current market turmoil but doesn't think zero interest rates are the answer.
DoubleLine Capital CEO Jeffrey Gundlach is worried about the current market turmoil but doesn't think zero interest rates are the answer.
“I’m not quite as bearish as I was even though it has a longer way to go down,” he said, while noting that many companies remain overpriced.
As for determining when the market’s bottom has been reached, Nuveen’s Doll says it all comes down to the fundamentals. He's looking at case reports.
Uncertainty around the impact the virus is having and will have on business and consumer spending remains high, says the top Goldman Sachs strategist.
Buffett said "events have moved very fast" since he discussed the weekend in his Feb. 22 shareholder letter. His doctor says he's fine.
President Donald Trump said he has no plans to demote Federal Reserve Chair Jerome Powell but asserted that he has the right if he so desires.
To preserve public safety, he thinks they'll have to shut down all economic activity within their borders because of the subtle viral spread.