S&P 500 will post negative returns in 2018 - Gundlach
|Comments from DoubleLine Capital Chief Executive Jeffrey Gundlach, also known as "Bond King", are crossing the wires via Reuters-
- The S&P500 may go up 15 percent in the first part of the year, but I believe, when it falls, it will wipe out the entire gain of the first part of the year with a negative sign in front of it.
- If the 10-year goes above 2.63... it will accelerate higher and equity markets are going to be spooked and maybe that's the cocktail that is coming our way.
- Financial markets have not priced-in a "more hawkish" ECB, maybe that's why the euro has started to rally... maybe it will rally further.
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