DoubleLine’s Gundlach Says S&P Has 2% Upside, 20% Downside
- Top bond manager says stock market is in a `bear rally'
- Says markets are showing they don't want negative rates
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The Standard & Poor’s 500 Index has about 2 percent upside and 20 percent downside, making for a lousy risk-reward trade-off, according to money manager Jeffrey Gundlach.
Betting on stocks is a “big losing proposition,” Gundlach said Tuesday during a webcast. The recent rebound is a “bear market rally,” he said.