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Strategies & Market Trends : US Inflation and What To Do About It -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (828)3/13/2019 9:56:57 AM
From: RetiredNow  Read Replies (1) | Respond to of 1504
 
Jeffrey Gundlach says the stock market was and still is in a bear market
Published Tue, Mar 12 2019 • 4:35 PM EDTUpdated Tue, Mar 12 2019 • 6:13 PM EDT



Jeffrey Gundlach

David A. Grogan | CNBC

After a stellar rebound, Jeffrey Gundlach still thinks stocks are in a bear market.

“The stock market was and still is in a bear market,” the founder and chief executive officer of Doubleline Capital said in an investor webcast on Tuesday. He also said stocks could go negative again in 2019.

The market dipped into bear market territory on Christmas Eve when it dropped dropping 20 percent from its 52-week high. Stocks have since staged a strong comeback from the massive December sell-off with the S&P 500 gaining nearly 19 percent from Christmas Eve low and more than 11 percent year to date.

Gundlach credited the market rebound to the “180-degree turn” from the Federal Reserve. Fed Chairman Jerome Powell recently signaled a “patient” approach to rate hikes and said the central bank is prepared to ‘adjust’ balance sheet unwind if needed. The Fed chief rattled investors in December when he described the balance sheet roll-off as being on “autopilot.”

But the weakening economic data from the U.S. are sending bearish signals. Gundlach, in the webcast, highlighted the deteriorating hard and soft data and the collapse in December retail sales.



The so-called bond king and respected prognosticator on financial markets oversees $120 billion of assets under management.

This is a developing story. Check back for updates.



To: RetiredNow who wrote (828)3/14/2019 3:21:04 PM
From: John Vosilla  Read Replies (1) | Respond to of 1504
 
Stock market gains/losses doesn't quite equal Main Street? I recently did a calculation of 1932-1968 vs. 1982-2018., DOW should only be at 12.5k range to be equivalent. Is probably a decade sideways action as fed overdid it this time.. But life goes on regardless. Still thinking 10 year at 2.65% and $2.40 gas prices in middle America not going to tip us into recession anytime soon. Traffic is horrendous, housing markets around me tightening substantially.. Check Lennar Homes and DR Horton charts going into prior recessions are best leading indicators I have ever found that actually work. If we are heading to recession the January 2018 blowoff top was the 1998 and 2005 prior peak equivalent and recession follows 24-30 months later...