div > div.group > p:first-child"> "The stock market was and still in a bear market," the founder and chief executive officer of Doubleline Capital said in an investor webcast on Tuesday. He also said stocks could go negative again in 2019.
Stocks have staged a strong comeback from the massive December sell-off with the S&P 500 gaining nearly 19 percent from Christmas Eve low and more than 11 percent year to date. Gundlach credited the market rebound to the"180-degree turn" from the Federal Reserve. Fed Chairman Jerome Powell recently signaled a"patient" approach to rate hikes and said the central bank is prepared to 'adjust' balance sheet unwind if needed. The Fed chief rattled investors in December when he described the balance sheet roll-off as being on"autopilot."
But the weakening economic data from the U.S. are sending bearish signals. Gundlach, in the webcast, highlighted the deteriorating hard and soft data and the collapse in December retail sales. The so-called bond king and respected prognosticator on financial markets oversees $120 billion of assets under management.
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Really?
But tRump and his corrupt colleagues say the US economy is strong.
Everyone makes his own reality.
I guess sign me up for more of this Bear Market in that case. I wonder what a bull market looks like?
Data is a definition of a bear market
What is his definition of a bear market.
so we should shift to bull market soon.. or at some point :)
wait & see time
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