Golden Finance reports that on March 24th, Jeffrey Gundlach, CEO of DoubleLine Capital and known as the “New Bond King,” stated that the market is currently in a stagnant state, with almost no assets providing substantial returns. He also warned that if investors rush to cash out, the pressure already evident in the private credit sector could intensify further.
“The market right now is kind of like standing still, with no clear trend. Almost nothing is soaring, and nothing is crashing. Over the past nine months, there really hasn’t been any asset that allows people to make big money,” Gundlach said on a program.
Gundlach believes that the current environment is somewhat similar to the period before the 2008 financial crisis. At that time, asset prices seemed inflated, and the early signs of crisis were dismissed as isolated incidents.
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