Gundlach: Stocks May Decline in March

Gundlach: Stocks May Decline in March

According to Gundlach, the unemployment rate in the US will increase to 10 percent. The S&P 500 Index fell 1.25 percent in March, recording its worst monthly performance since October 2008. The indicator index ended the record-long bull market. Bond fund manager Jeffrey Gundlach said that the levels of the S&P 500 Index will likely be exceeded in March and the stocks will probably not rise for a long time, as the investor power of economic uncertainty decreases. "I think we will see the atmosphere of panic again in April," Gundlach, the DoubleLine Capital CIO, said on Tuesday on the economic impacts of the market and coronavirus pandemic. said. Stating that the US economy will become stronger in one way or another during the epidemic and that it requires time and sacrifice, Gundlach said, "We will get to a better place, but this will not be a V-jump to January 2020." expressed his opinion. Gundlach said that the expectations of the big central banks that the US economy will recover from the next recession are very optimistic. Stating that the current economy resembles a "crisis", the bond manager said that the economic and monetary incentives in the USA will probably reach $ 10 trillion.