DoubleLine Capital's Gundlach Says Think We Have 150 BPS Of Cuts Coming, Certainly Within A Year; Says Still Believes 2-Year, 3-Year, 5-Year Treasurys Are A Safe Place To Be
Portfolio Pulse from Benzinga Newsdesk
DoubleLine Capital's Jeffrey Gundlach predicts 150 basis points of interest rate cuts within a year and recommends 2-year, 3-year, and 5-year Treasurys as safe investments.
July 31, 2024 | 7:32 pm
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Jeffrey Gundlach's prediction of significant interest rate cuts could positively impact SPY as lower rates generally boost equity markets.
Lower interest rates typically lead to higher equity prices as borrowing costs decrease and economic activity potentially increases. SPY, being an ETF that tracks the S&P 500, could benefit from this environment.
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