Jeffrey Gundlach FOMC Reaction
24,793
Published 2024-05-02
Gundlach favored gold but proposed waiting for a possible price correction before reinvesting. He anticipated oil stability around $80, warning of challenges if prices surged significantly, impacting the Fed's inflation rate target. Regarding economic indicators, including the dollar outlook and future currency trends, he highlighted bullish sentiments on gold and uncertainties surrounding currency values' effects on global markets. Remaining neutral on equities due to steep valuations and Fed policies, Gundlach stressed specific long-term investments in countries like Japan, Mexico, and India over momentum-driven strategies for optimal returns. With pandemic restrictions easing, Mr. Gundlach's focus remains on leveraging credit securities for desirable yields during an extended inverted yield curve period.