Comments from Jeff Gundlach (via Bloomberg):
The market is pricing in one Fed rate hike in 2016 vs. the Fed forecasting 4.
No base case for US recession in near term.
We now have quantitative tightening.
S&P500 has 2% upside but 20% downside.
Negative interest rates are bad for the world. They are having the opposite effect on currencies like the Japanese yen, which has rallied instead. They are also hurting European banks.
Still looks for gold at $1,400.
Oil is the key to everything.
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