DoubleLine's Gundlach Says Near-Term Inflation Rate Not A Problem; Recessionary Feel Stronger Than Inflationary Feel
Portfolio Pulse from Benzinga Newsdesk
DoubleLine's Jeffrey Gundlach stated that the near-term inflation rate is not a significant concern, and the economy feels more recessionary than inflationary.
May 23, 2024 | 5:25 pm
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Jeffrey Gundlach's comments suggest that the economic outlook is more recessionary than inflationary, which could impact the SPY ETF as it tracks the S&P 500 index.
Gundlach's view that the economy feels more recessionary than inflationary could lead to a bearish sentiment for the SPY ETF, as it reflects the broader market's performance.
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