‘Bond King’ Jeff Gundlach Says Fed Rate Is ‘Too High’ By 75 Bps, But Warns Cuts Unlikely Without Sharper Risk Asset Losses – Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL)
Amid a historic market selloff that has erased approximately $6 trillion in U.S. market value, renowned fixed income investor Jeff Gundlach suggests the Federal Reserve’s current policy stance is too restrictive. However, he doesn’t anticipate immediate rate cuts. What Happened: Gundlach, widely known as the “Bond King,” noted Monday that the 2-year U.S. Treasury yield…