DoubleLine Capital’s Jeffrey Gundlach thinks Washington is trying to get in the way of President Trump’s agenda by “running out the clock on his administration.” This according to a recent article in Bloomberg.

The article outlines comments made by Gundlach during the televised Senate testimony by Attorney General Jeff Sessions in which he argues:

• The probability of a recession is low.
• The low volatility in the markets is probably winding down.
• This summer will see higher bond yields and lower stock prices.

“If you’re a trader or a speculator,” Gundlach said, “I think you should be raising cash today,” adding, “If you’re an investor, I think you can sit through a seasonally weak period.”