Why gundlach Is Trending Today?

Jeffrey Gundlach, CEO of DoubleLine Capital, predicts a U.S. recession in 2023. Gundlach, known as the "Bond King," believes the Federal Reserve's aggressive rate hikes will lead to an economic downturn. He also expects inflation to peak in the coming months.

Jeffrey Gundlach, a renowned investor, has expressed concerns about the current state of the financial markets. He believes that the proliferation of "garbage lending" in private markets could lead to the next crisis. Despite KKR's Sheldon not sharing the same level of concern, Gundlach maintains his stance, describing the current stock market as one of the "least healthy" he has seen in his career. He advises investors to hold 20% of their portfolios in cash. Gundlach also warns that private credit is the next potential crisis area for financial markets, and he sees almost all financial assets as currently overvalued.