{"id":2963,"date":"2020-05-02T11:37:33","date_gmt":"2020-05-02T11:37:33","guid":{"rendered":"https:\/\/www.maxlee.info\/blog\/?p=2963"},"modified":"2020-05-04T11:40:30","modified_gmt":"2020-05-04T11:40:30","slug":"bond-king-warns-the-stock-market-could-hit-new-lows-amid-social-unease","status":"publish","type":"post","link":"https:\/\/www.maxlee.info\/blog\/news\/bond-king-warns-the-stock-market-could-hit-new-lows-amid-social-unease\/","title":{"rendered":"\u2018Bond King\u2019 warns the stock market could hit new lows amid \u2018social unease\u2019"},"content":{"rendered":"<p>\u2018I\u2019m certainly in the camp that we are not out of the woods. &#8230; I think a retest of the low is very plausible.\u2019<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_2964\" aria-describedby=\"caption-attachment-2964\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"\/blog\/wp-content\/uploads\/2020\/05\/MW-HJ031_gundla_20190507132908_ZG-1200x675.jpg\" alt=\"Jeffrey Gundlach speaks at the Vanity Fair New Establishment Summit in Beverly Hills in 2017. \" width=\"1200\" height=\"675\" class=\"size-large wp-image-2964\" srcset=\"https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-HJ031_gundla_20190507132908_ZG-1200x675.jpg 1200w, https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-HJ031_gundla_20190507132908_ZG-800x450.jpg 800w, https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-HJ031_gundla_20190507132908_ZG-768x432.jpg 768w, https:\/\/www.maxlee.info\/blog\/wp-content\/uploads\/2020\/05\/MW-HJ031_gundla_20190507132908_ZG.jpg 1320w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-2964\" class=\"wp-caption-text\">Jeffrey Gundlach speaks at the Vanity Fair New Establishment Summit in Beverly Hills in 2017.<\/figcaption><\/figure>\n<p>Published: May 2, 2020 at 9:54 a.m. ET, By Shawn Langlois<\/p>\n<p>That\u2019s the gloomy outlook Jeffrey Gundlach, CEO of DoubleLine, <a href=\"https:\/\/www.cnbc.com\/2020\/04\/27\/jeffrey-gundlach-says-a-retest-of-the-low-is-very-plausible-market-underestimating-social-unease.html?mod=article_inline\">delivered to CNBC<\/a> on Monday as the stock market staged a strong rally in the face of what he believes is too much optimism.<\/p>\n<p>\u201cPeople don\u2019t understand the magnitude of &#8230; the social unease &#8230; that\u2019s going to happen,\u201d Gundlach explained. \u201cWe\u2019ve lost every single job that we created since the bottom in 2009.\u201d<\/p>\n<p>With that in mind, he revealed that he just shorted the S&amp;P at 2,863.<\/p>\n<p>\u201cAt this level, I think the upside and downside is very poor,\u201d he said. \u201cI don\u2019t think it could make it to 3,000, but it could. I think downside easily to the lows or beyond.\u201d The S&amp;P hit a low of 2,192 on March 23 before rebounding about 30% as the Fed rolled out its historic stimulus measures.<\/p>\n<p>Earlier this month, Gundlach <a href=\"https:\/\/www.marketwatch.com\/story\/outspoken-wall-street-bond-whiz-says-the-stock-market-is-acting-dysfunctional-and-may-hit-rock-bottom-once-we-take-out-marchs-low-2020-03-31?mod=article_inline\">warned of more selling<\/a> in a webcast, with a \u201cmore enduring low\u201d on the way for the \u201cdysfunctional\u201d stock market.<\/p>\n<p>At last check, the S&amp;P 500 index SPX ended nearly 42 points, or 1.5%, higher on Monday, while the Dow Jones Industrial Average DJIA and the tech-heavy Nasdaq Composite COMP also finished the session firmly in green territory.<\/p>\n<p>Watch the interview:<\/p>\n<p><iframe width=560 height=349 src=https:\/\/player.cnbc.com\/p\/gZWlPC\/cnbc_global?playertype=synd&#038;byGuid=7000133492 frameborder=0 scrolling=no allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen ><\/iframe><\/p>\n<p>Source: <a href=\"https:\/\/www.marketwatch.com\/story\/bond-king-warns-the-stock-market-could-hit-new-lows-amid-social-unease-2020-04-27?mod=home-page\">www.marketwatch.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018I\u2019m certainly in the camp that we are not out of the woods. &#8230; I think a retest of the low is very plausible.\u2019<\/p>\n","protected":false},"author":1,"featured_media":2964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/2963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/comments?post=2963"}],"version-history":[{"count":0,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/2963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media\/2964"}],"wp:attachment":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media?parent=2963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/categories?post=2963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/tags?post=2963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}