Jeffrey Gundlach says the S&P 500 is headed to new lows: 'I'm pretty sure this is a bear market' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
David A. Grogan | CNBC Jeffrey Gundlach DoubleLine Capital CEO Jeffrey Gundlach said Monday that he absolutely believes the S&P 500 will go below the lows that the index hit early in 2018. I'm pretty sure this is a bear market, Gundlach told Scott Wapner on CNBC's Halftime Report . We've had pretty much all of the variables which characterize a bear market, Gundlach added. The S&P 500 is not in a bear market yet, down 11 percent from its record high reached in September. Wall Street traditionally defines a bear market as a decline of 20 percent or more. Gundlach predicted in March that the closely-watched 10-year Treasury yield would hit 3 percent and send stocks tumbling. His call came true a few months ago, as October was one of the worst months for U.S. stocks since the financial crisis. Gundlach revealed in February that he was betting against Facebook shares. He said h is short was due to falling public perce
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- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website