DoubleLine Capital’s Chief Executive Officer Jeffrey Gundlach said the rally in risk assets is nearing an end.
Gundlach told Reuters in early March the firm now considers closing out some of its long positions in the stocks they had purchased. He said risk assets will struggle in sympathy with oil.
“Oil, like I said, had an easy time rallying from 28 to 38. Now the hard work begins,” Gundlach said. “Oil is the key to everything.”
The material has been provided by InstaForex Company – www.instaforex.com