Doubleline CEO Gundlack speaking on CNBC
Doublelines Jeffrey Gundlach is on CNBC. He says:
- Economy is clearly weak
- I think the recession is here and if you want
- that is not going to raise rates unless two year yield climbs
- Expects the Fed to cut a couple times in 2023
- Banking system is enduring uneven stress
- We are in a trading range
- If we have a recession, the Fed will have reacted very dramatically
- We will likely have monetary policy that would be inflationary
- optimal strategy is to reduce risk on strength
