Taps Coogan – September 25th, 2022

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Jeffery Gundlach, the founder of DoubleLine Capital and the manager of one of the largest funds in the world, recently shared his market and economic outlook, summing it up as “America needs to go to rehab.”

 

The discussion is very wide ranging and doesn’t lead itself to excerpts, but Mr. Grundlach’s main points are that America needs to deleverage, that the risk adjusted return now looks better in the bond market than stocks, that we are heading for a more unambiguous recession in 2023, free money from the government makes the poor poorer, and that the Fed is going to make its “typical mistake of overtightening.”

Sounds about right. 

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