DoubleLine Capital CEO: The long end of bond market doesn't want the Fed to be easing aggressively

Jeffrey Gundlach, DoubleLine Capital CEO, joins CNBC's 'Closing Bell' to discuss his reaction to the Federal Reserve's decision to cut rates by 50 basis-points, economic outlooks, and more.

[BlockchainRWA]

Jeffrey the only expert worth listening to on rates. Well done

[johanwesthuyzen]

this is one of the few people worth listening to - thank you

[fkoffytb]

This rate cut is one of the biggest mistakes in the last 100 years by far.
What we will see next is how inflation will start to grow to a point where working will not have any value anymore, so people will just go on gov assistance of any kind they can access, dont matter if is food stamps or panhandling on the streets, if people go to work for 8 to 10 hours and by the end of the month they are still short on rent, food and the rest of the bills, what is the purpose of working? and we will see this in no time.

Worst part of this is that this old fart JP dont have an excuse about not knowing people will stop working if they can have free money from the goverment and what they make working is not enough, we all know very well this happen during Covid, is not a surprise, and people is still fresh and willing to go back and stop working, dont matter that this means, lose everything, bottom line, they dont really have nothing if the money they get is not enough due to inflation.
But hey! economy is great and this desicion is not because we have elections in 47 days!!, I wonder how many times the fed cut rates around 1 month before elections during the past 50 years?

[gmil]

I want 100 year treasury bonds issued before the fed returns to zirp. Please!

[rebeccaartgallary]

I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds.

[trentpetersen]

We’re in a recession headed towards depression.

[TedMinnesota]

Guys in background are just buying and selling AGG. 😄

[rickhayes-ohzm]

why inflation the biggest problem is not defeated. now it will excellarate

[RZawistoski]

Always has a great perspective.

Curious his thoughts on resi real estate inflation/OER etc.. Lots of folks who already owned prior to 2020, now have even more equity to invest. I suspect rate cut will help other places but add fuel to the fire on housing inflation as they buy additional property.

Mr Gundlach, thoughts?

[imtryinghere]

Jeff has strong legs, especially at the knees.

[CrystalJoy-]

Being too sluggish to manage inflation in the first place, the Fed is surely to blame for the current attempts at catch-up. An inflationary perfect storm is about to hit, with the pandemic and supply-chain problems being two of the main causes. I am still searching for businesses to add to my $700K portfolio in order to improve performance.

[pricetagcitrus]

Sep 24 is the start of a recession eh. Based on what, inflation and gdp? Administration can just change the definition of a recession 🤷‍♂️

[erbterb]

All those terminals. Must look busy or the king will cut costs.

Not enough screens, though. Every trader should have his own darth vader dome of screens.

It is not the amount of art you collect that counts, but how many screens you had as a trader. Even the wood pulp industry have more screens per operator.

Lot of noise for nothing. The FED follows the 2Y and that would suggest even more aggressive cuts. Just have to post rationalize why. Standard future press conference:

"The 2Y says, we just follow. Good evening."

[Yomamaissoo]

Where is that big recession that you were talking about in 2024 Jeff?😂😂 you laughed at Josh Brown and who is laughing now?😂😂

[logosproclamation]

J has navigated this whole thing well!!

[LQVendorFP]

traders playing the long end for duration is countered by inflation risk over 30 years make the chance of a real return on this 30yr toilet paper negative

[Aiguo.z]

The Fed is undoubtedly responsible for the present catch-up efforts, as they were first too slow to control inflation. The pandemic, supply-chain issues, are all contributing reasons to the impending inflationary perfect storm. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas.

[guruprasadnishad]

This video is very informative, but it would be better if you talked about real money. Talk about Cryptonica; it's real money every day. What you're discussing doesn't seem as cool