Bond king Jeff Gundlach believes the coronavirus sell-off is not over - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Billionaire bond king Jeffrey Gundlach believes the coronavirus sell-off is not over yet and markets may see more losses in April.

Meanwhile, Oaktree Capital's Howard Marks urged investors to be cautious in times of uncertainty such as this and added that his approach "is not black or white, buy or sell". Jeffrey Gundlach said in a webcast to investors on Tuesday that the market is acting "somewhat dys functionally" and that projections from banks that the U.S. economy will recover quickly were highly optimistic,The S&P 500 index collapsed into a bear market this quarter, while losing 12.

The Wall Street bond king believes the March lows will be eclipsed in April when continued economic uncertainty could further rile investors. "I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach believes that the market will get back to a better place, but it's "just not going to bounce back in a V-shape back to January of 2020," Reuters said.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures rise slightly, extending market's rebound from massive coronavirus sell-offThe overnight action followed a strong session on Wall Street, with the Dow jumping nearly 700 points. There is no reason to buy right now, the market should be going down more. Earnings will take a massive beating The market is definitely not pricing in 10-20% unemployment and a massive cut in consumer spending. The market is so fake
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks fall on lagging worries about virusAsian shares mixed on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions
Source: trtworld - 🏆 101. / 63 Read more »

Are you a driver for Lyft, Uber, Doordash? We want to hear from you. - Business InsiderBusiness Insider is seeking input from drivers and delivery workers to better understand what it's like working through the coronavirus outbreak.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why stock market's coronavirus crash is not over, what to buy: BofA - Business InsiderBank of America examined the stock market during every recession since 1929 and concluded the recent meltdown is not over. Here's their trading strategy for a deeper crash. A no brainer
Source: BusinessInsider - 🏆 729. / 51 Read more »