DoubleLine's Gundlach Sees U.S. Stocks Testing Recent Lows -...

DoubleLine's Gundlach Sees U.S. Stocks Testing Recent Lows - CNBC

InterviewBy Reuters
https://www.nytimes.com/reuters/2020/04/27/business/27reuters-health-coronavirus-gundlach.html
NEW YORK — The U.S. stock market has recovered because of the Federal Reserve's actions but a retest of the recent lows is possible, Jeffrey Gundlach, chief executive of DoubleLine Capital, said in a CNBC interview on Monday."I think we take out the low," the bond investor said. DoubleLine had about $148 billion in assets as of Dec. 31.After their sharp bounce from recent lows, markets are looking quite tired and "the sentiment shifts should have investors concerned," Gundlach said.Gundlach said he has put on a bearish bet against the S&P 500 at the 2,863 level. On Monday, the S&P 500 was up 1.38% at 2,875.93. The index is up 31% since touching a low of 2,191.86 on March 23.
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