Doubleline Capital's Jeffrey Gundlach Says Seems Unlikely That We Will Get 3 Cuts
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Jeffrey Gundlach from Doubleline Capital expressed skepticism about the likelihood of three interest rate cuts happening.
May 01, 2024 | 7:25 pm
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NEUTRAL IMPACT
Gundlach's skepticism about interest rate cuts could influence investor sentiment towards SPY, potentially affecting its price.
Interest rate expectations directly impact the stock market, particularly broad market ETFs like SPY. Gundlach's comments could lead to cautious trading, affecting SPY's short-term movements. However, without specific mention of SPY in the context of his comments, the direct impact remains speculative.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50