I must have missed the headlines on the wires from Gundlach. Then again, the cartoons are on the telly in the morning, so ya gotta prioritize, right?

Thankfully Reuters have a recap of some his comments today:

He doesn't like the stock market:

  • Says the rally in U.S. stocks, which began on Monday, feels like a short squeeze
  • Said U.S. stocks are "dead money"
  • "The market is not incredibly healthy" .... recent corporate earnings have come in weak.

So I guess he's buying, right?

On the Fed:

  • Gives 50/50 odds on a June hike
  • Says many Fed officials are "dying to raise rates," but that it is Fed chair Janet Yellen's opinion that matters the most.
  • "All that matters is Yellen. She is still there. I feel like we are back in December again, where everyone thinks that there is a super secret that some Fed officials have this knowledge that the economy is really good."

Sooooo, if we're back in December then they'll hike, right?