https://retirementplanningscottsdale.com/2019/12/04/anil-vazirani-scottsdale-investment-advisor-reports-on-prediction-of-bond-investor-for-recession/ In an article reported by Julia La Roche of Yahoo finance it is reported that Influential bond investor Jeffrey Gundlach, the CEO of $150 billion DoubleLine Capital, sees a scenario where U.S. stocks get crushed in the next recession, and likely won’t recover for quite some time to come.
Even with Wall Street record highs, the bearish investor declared that “the pattern of the United States outperforming the rest the world has already come to an end.”
He also noted that 2019 was one of the “easiest” years ever for investors in “just about anything…Just throw a dart, and you’re up 15-20%, not just the United States, but global stocks as well.”
While Gundlach expects a rotation into non-U.S. stocks, he also believes that the U.S. dollar, which has been “remarkably stable” in 2019, will eventually weaken as investors start to worry about the massive federal debt spending.
“I think in the next recession the dollar will fall because of the deficit problem United States, and that investors will be better served to own foreign stock markets instead of the U.S. stock market in dealing with the next recession,” Gundlach added.
For more information: https://finance.yahoo.com/news/gundlach-the-us-will-get-crushed-in-the-next-recession-001139205.html
Anil Vazirani is president of Secured Financial Solutions, independent insurance advisor investment advisor rep with a fiduciary obligation and in the financial services industry since 1994. A+ rating with the Better Business Bureau for over a decade and a half, members in good standing with the National Association of Insurance and Financial Advisors.
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