Billionaire ‘Bond King’ Jeffrey Gundlach Predicts Outsider Asset Class Will Outperform This Year Amid Fed Rate Cuts
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Billionaire Jeffrey Gundlach, CEO of DoubleLine Capital, predicts that the Federal Reserve will cut rates soon, which could lead to significant gains in certain asset classes. In a CNBC interview, he noted signs of economic weakening, supported by recent job growth revisions from the Bureau of Labor Statistics. Gundlach anticipates that equities outside the US market will rally following rate cuts, a sentiment echoed by Goldman Sachs, which expects similar FOMO-driven rallies in European stocks.
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