"New Bond King" Gundlach warns: If the Federal Reserve does not raise interest rates next week, long-term interest rates will "significantly spike."
Jeffrey Gundlach, CEO and CIO of DoubleLine Capital, expressed skepticism about the Federal Reserve raising interest rates next week during his latest webcast. He anticipates a significant rise in long-term rates if the Fed holds steady. Gundlach also noted the striking similarities between current inflation trends and those of the 1970s, highlighted that credit spreads for AI-related corporate bonds have nearly doubled, and described U.S. equity valuations as "as expensive as a hotel mini-bar—there are no bargains."
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