‘Bond King’ Jeffrey Gundlach Problems Stock Exchange Warning, announced the sub -price target for S&P 500
The founder and CEO of the investment company Doubleline Capital Jeffrey Gundlach falls to the US stock exchange due to the implementation of import tariffs by up to 50% by the world’s largest economy.
Gundlach in a new CNBC interview he says The S&P 500 is about 14% from the current level.
“So I think that investors should stay in defense mode. We are definitely in the position for this. And I would continue to do so until the investors kept in cash. As I said before, I am looking for 4,500 in S&P [500 index]. “
According to the billionaire investor who won the nickname “Bond King, due to its success in the bond market after the 2008 financial crisis, the market uncertainty caused by the implementation of import tariffs in the USA will continue for the predictable future because it is a rapid solution.
“People spoke about tariffs [getting] delayed. There is no way to happen. According to me [US President Donald] Trump will continue this.
And I don’t understand exactly how it calculates, or the management calculates this strange formula to determine these tariffs. It doesn’t make sense to me mathematically. But at least this is a formula. Whether it is logical or not, it’s a formula. Otherwise, this will be completely arbitrary.
But it [Trump] To guess people. And it won’t retreat. I don’t think so. So this is something that will have to play and we’ll cope with it, I can definitely say not only days, but for weeks or months. “
S&P 500 index trade During writing at 5.222, over 10% since the beginning of the year.
https://www.youtube.com/watch?v=Secoqjnb8hw
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