Gundlach Warns of Market Downturn, Cash Hoarding

Jeffrey Gundlach advises investors to keep it simple: hold cash and avoid private credit. He warns of overpriced assets, potential market downturn, and risky loans to private companies. Gundlach, concerned about the private credit market, fears it could trigger the next financial crisis, drawing parallels to the subprime mortgage crisis. He suggests reducing overall allocation to financial assets and cautions against investing in what seems safe.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.