Jeffrey Gundlach of Doubleline with his take on market pricing of European Central Bank hawkishness

  • World entering an era of quantitative tightening
  • More hawkish ECB may not be priced into market
  • Shrinking central bank balance sheets are not priced in
  • Sees a lot of euphoria 'out there', a lot of bullishness on markets

Earlier from Gundlach: