Bond King Gundlach Bearish on Stock Market, But Jim Cramer Stays Bullish

After calling a bear market in December, “bond king” Jeffrey Gundlach has criticized US debt levels. Despite last week’s stock market gains, he’s reiterated his bearish stance. Jeffrey Gundlach, Jim Cramer Spar over Stock Market’s Future The investor and former head of the $9.3 billion TCW Bond Fund has a reputation for being right. His current Total Return Bond Fund outperformed the competition to return 1.8% in 2018. Speaking on Friday at a round-table of expert investors for Barron’s he called out reasons for current US debt highs and said he expects the markets to continue to fall, even though the Dow Jones, S&P 500, and Nasdaq, have seen the best start to a year since 2006. In December 2018 after stocks struggled across the board, Gundlach said he was “pretty sure” stocks were entering a bear market. At the time, CNBC’s Jim Cramer said Gundlach should “stick to bonds.”…

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