“Bond King” Jeffrey Gundlach issues the stock market warning, reveals the bottom price of the S&P 500
The founder and CEO of the Douleline Capital Jeffrey Gundlach tends to the US Securities Market amid an import tariff of up to 50 % of the world’s largest economy.
In a new interview for CNBC, Gundlach He says The S&P 500 stock index is seen by 14 % of the current level.
“So I think investors need to stay in a defensive position. We are definitely a position in a position. The extent of investors have money, I will continue to do this until we get something more than the bottom. As I said earlier, I am looking for 4,500 [500 index]”
According to the billionaire investor who won the title “Bond King” because of his success in the bond market after the 2008 financial crisis, the uncertainty in the market is caused by the imposition of import tariff in the United States will continue in the expected future because a rapidly unlikely decision.
People talked about definitions [getting] delay. There is no way to happen. I think [US President Donald] Trump will continue to do so.
I do not understand exactly how the management is calculated or calculated by this strange formula to set these definitions. It does not seem logically for me mathematically. But at least it is a formula. Whether it is logical or not, it is a formula. Otherwise, it will be just a completely arbitrary.
But [Trump] Maintaining people’s guess. He will not back down. i don’t think so. So this is something that will have to play and we will deal with this, I would definitely say for weeks or months and not only days. “
S&P 500 indicator commerce At 5222 at the time of writing, more than 10 % decreased since the beginning of the year.
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