DoubleLines Jeffrey Gundlach is on CNBC. He is more of a bond guy, but is considered a big thinker.
His base case is still two rate cuts this year.Employment is clearly weakening. Thought that the Fed chair Powell was quite hawkish at the press conference last week.Thinks that the Fed chair should serve out his term.If the Fed chair does resign, it is likely there will be a quick rate cut.The two-year treasury rate is looking for rate cutThis data that coming out is getting much less reliable
Admittedly the comments are all that earth shattering.
This article was written by Greg Michalowski at investinglive.com.