Doubleline's Gundlach Says U.S. Equities Look Really Expensive; Says At This Juncture I Would Never Invest In China As A U.S. Investor
Portfolio Pulse from Benzinga Newsdesk
Doubleline's Jeffrey Gundlach has expressed concerns about the high valuation of U.S. equities and advised against investing in China for U.S. investors.
May 23, 2024 | 6:08 pm
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NEGATIVE IMPACT
Jeffrey Gundlach has advised U.S. investors to avoid investing in China, which could impact FXI.
Gundlach's advice against investing in China could lead to a short-term negative sentiment towards FXI.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Jeffrey Gundlach from Doubleline has stated that U.S. equities, represented by SPY, are currently overvalued.
Gundlach's statement about U.S. equities being overvalued could lead to a short-term negative sentiment towards SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80