Gundlach: "We Got The Bearish Signal;
Stocks Are Going Down - You Can Feel It""Bonds are headed toward outflow territory ... rising rates mean negative returns are developing. Even DoubleLine is having 'day in' and 'day out' flows. It is not an inflow day every day." Unless, of course, the market suffers a long-loverdue equity selloff, in which case the flow will be in the other direction as debt of any kind will be immediately is seen as a "flight to safety" and the cycle will begin from scratch .. "I have been vocally bearish on Treasuries for months, and, being one of the most influential in the industry, it should not be a surprise that investor behavior is influenced by me .. We got the bearish signal .. It is more noteworthy and reinforces the bear signal that the market is down a lot today. The dam is breaking, you can feel it." Gundlach expected another 5-10% drop in the S&P 500, which closed at 2,111.72 on Tuesday.
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