DoubleLine Capital's Gundlach Says Closed-end Funds Offer 12-13% Yields With Limited Risk; Have Been Negative On The Equity Markets For Several Months; Unemployment Rate Is Noticeably Trending Higher; Relaxation In Bond Yields Has Obviously Been A Problem For The Stock Market
Portfolio Pulse from Benzinga Newsdesk
In a recent CNBC interview, DoubleLine Capital's Gundlach stated that closed-end funds offer 12-13% yields with limited risk. He also mentioned that he has been negative on the equity markets for several months.
November 01, 2023 | 7:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Gundlach's negative view on the equity markets could potentially impact SPY, a popular ETF that tracks the S&P 500.
Gundlach's negative view on equity markets suggests a potential downturn in the short term. As SPY tracks the S&P 500, it could be negatively impacted by this outlook.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50