That’s Jeffrey Gundlach, CEO of DoubleLine, in a CNBC interview Wednesday afternoon, following a decision by the Federal Reserve to hold interest rates steady in June, but penciling in more for later this year.
— Jeffrey Gundlach, CEO of DoubleLine That’s Jeffrey Gundlach, CEO of DoubleLine, in a CNBC interview Wednesday afternoon, following a decision by the Federal Reserve to hold interest rates steady in June, but penciling in more for later this year. “Then you’ve got the S&P 500[‘s other 493 stocks], which have gotten a little bit of a tailwind lately, but as of a few weeks ago, were basically unchanged here today,” he said. “The stock market, frankly, is exhibiting signs of a mania, where you have a very concentrated part of the market’s that driving the entire train.”