Gundlach Sees ‘Rough Waters’ for Market as Fed Pursues Taper
- He says higher borrowing costs poised to crimp economic growth
- Billionaire says stimulus artificially propped up the economy
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Jeffrey Gundlach sees “rough waters” ahead for financial markets as the Federal Reserve is poised to accelerate the end of quantitative easing and then turn toward raising interest rates.
During a webcast Tuesday about his DoubleLine Total Return Bond Fund, the billionaire money manager advised keeping an eye on the high-yield bond market, a potential “canary in the coal mine” for risk assets.