Jeffrey Gundlach says a retest of the low is ‘very plausible,’ market underestimating social unease

Jeffrey Gundlach says a retest of the low is ‘very plausible,’ market underestimating social unease

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Jeffrey Gundlach, chief executive officer of Doubleline Funds LP

Patrick T. Fallon | Bloomberg | Getty Pictures

Jeffrey Gundlach, CEO of DoubleLine, claimed on Monday the stock market place could market off yet again to retest the lower in March as he believes investors are too optimistic about the financial recovery from the coronavirus pandemic.

“I assume a retest of the reduced is incredibly plausible,” Gundlach stated on Monday on CNBC’s “Halftime Report.” “I believe we’d acquire out the small. Individuals never realize … the social unease at minimum that’s likely to take place.”

DoubleLine experienced far more than $148 billion in belongings under administration as of the end of 2019, in accordance to its website.

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