DoubleLines Jeffrey Gundlach is on CNBC. He is more of a bond guy, but is considered a big thinker.
- His base case is still two rate cuts this year.
- Employment is clearly weakening.
- Thought that the Fed chair Powell was quite hawkish at the press conference last week.
- Thinks that the Fed chair should serve out his term.
- If the Fed chair does resign, it is likely there will be a quick rate cut.
- The two-year treasury rate is looking for rate cut
- This data that coming out is getting much less reliable
Admittedly the comments are all that earth shattering.
This article was written by Greg Michalowski at investinglive.com.
