Jeff Gundlach of DoubleLine is predicting a summer drop in markets and I agree. The CEO told CNBC (link above) that if you are an active trader you should be taking profits in longs and moving to cash today, literally today.
Jeff Gundlach DoubleLine Prediction
It’s hardly surprising that a bond trader like Jeff Gundlach DoubleLine would make such a prediction. I agree with the prediction and think it’s time to not only go to cash, but to add some gold to your holdings.
I think the Federal Reserve is hiking rates too fast and that there’s no way they should hike rates in June. The big miss today on the contracting CPI really underscores how the Fed is raising rates too fast.