Doubleline Capital's Gundlach Says If Fed Tightens More, Regional Banks Could Be At A Risk; Stock Market Showing Signs Of Mania; Market Action Feels A Lot Like The Lead-Up To Jan 2022; It's A Stretch To Call This A Bull Market
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Gundlach warns that further Fed tightening could put regional banks at risk, and the stock market is showing signs of mania, similar to the lead-up to January 2022. He believes it's a stretch to call this a bull market.
June 14, 2023 | 7:44 pm
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NEGATIVE IMPACT
The S&P 500 ETF (SPY) could be impacted by Gundlach's warning of stock market mania and potential risks to regional banks if the Fed tightens further.
Gundlach's warning of stock market mania and potential risks to regional banks if the Fed tightens further could lead to increased volatility and downward pressure on the S&P 500 ETF (SPY). Investors may become more cautious and reduce their exposure to equities, negatively impacting the ETF's performance in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80