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Jeff Gundlach Predicts Market Sell-Off

Jeff Gundlach says that 10-year U.S. bond yields could jump to 3% next year as inflation rises.
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DoubleLine Capital founder Jeff Gundlach tells investors that he expects the record highs the stock market has experienced following the November 8 election to end with a sell off following the inauguration on Jan. 20. Gundlach says that stocks typically spike following an election, but then retreat shortly after the inauguration as investors realize that the president does not have the power to implement everything he promised. Gundlach says that 10-year U.S. yields could jump to 3% next year as inflation rises, and if that happens investors can expect to see a real impact on market liquidity in corporate and junk bonds.

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