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

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.

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