The “Bond King” has a word of warning for investors: beware of higher interest rates. Jeff Gundlach, the veteran fixed-income investor and CIO of DoubleLine Capital, laid out his latest outlook for markets at an event in Manhattan on Thursday. Treasury yields have spiked to nearly two-decade highs in recent weeks, but rates have the
Two major events are likely to drive financial markets this week: Nvidia’s second-quarter earnings report and the Fed’s annual Jackson Hole Economic Symposium. Before diving into each of those, let’s take a step back and look at the bigger picture. Perhaps the biggest development in markets over the last week has been the surge in
The word “Goldilocks” is meme-ing out in US markets right now. It’s a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild. For the purposes of keeping interest rates on hold, the recent figures
