Gundlach Says Oil Rally Would Be Short-Lived Due to Imbalance
- Quick surge for stocks, commodities could sway Fed, he says.
- DoubleLine Total Return beating 90 percent of peers this year.
Will Oil Price Increase or Is Rally Short-Lived?
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Any jump in the price for oil is likely to be short-lived, according to Jeffrey Gundlach, co-founder of DoubleLine Capital.
“We’re not looking at a big oil rally” any time soon because of an imbalance in supply and demand, Gundlach said on a wide-ranging webcast on Tuesday from Los Angeles.