Gundlach: Washington Establishment Trying to Stall Trump Agenda

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.”