DoubleLine Capital's Gundlach Says The Shape Of The Yield Curve Is Extremely Unstable At This Point In Time; Believe Layoffs Are Coming; Seeing Very Recessionary Signals; Excitement In Bonds Is In 2- And 3-Year Live Credit
Portfolio Pulse from Benzinga Newsdesk
DoubleLine Capital's Jeffrey Gundlach has expressed concerns about the current state of the yield curve, describing it as 'extremely unstable'. He also anticipates layoffs in the near future and sees very recessionary signals. He believes that the excitement in bonds is in 2- and 3-year live credit.
November 01, 2023 | 7:45 pm
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The SPDR S&P 500 ETF (SPY) could be impacted by Gundlach's comments as they suggest potential economic instability and layoffs, which could lead to market volatility.
Gundlach's comments suggest potential economic instability and layoffs, which could lead to market volatility. As SPY tracks the S&P 500, a broad measure of the US stock market, it is likely to be impacted by these macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75