Doubleline Capital's Jeffrey Gundlach Says Long End Of Bond Market Doesn't Want Fed To Be Easing Aggressively; Says Fed Will Have A Lot More Potential To Cut By 50 Bp In November After Election;Fed Is Not So Far Behind The Curve As They Previously Were
Portfolio Pulse from Benzinga Newsdesk
Jeffrey Gundlach from Doubleline Capital suggests that the long end of the bond market is not in favor of aggressive easing by the Federal Reserve. He anticipates that the Fed will have more room to cut rates by 50 basis points in November after the election, and believes the Fed is not as behind the curve as before.
September 18, 2024 | 7:26 pm
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The SPY ETF, which tracks the S&P 500, may experience volatility due to potential changes in Federal Reserve policy as discussed by Jeffrey Gundlach. A possible rate cut in November could impact stock prices.
The SPY ETF is sensitive to changes in interest rates as it affects the broader stock market. Gundlach's comments on potential rate cuts could lead to increased market speculation and volatility, impacting SPY's short-term price.
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