Source: Zero Hedge

“A sheepish Scott Wapner dared to ask DoubleLine’s Jeffrey Gundlach an open-ended question about the stock market, and we suspect the response he got was far from what he wanted to hear. ‘I’m pretty sure this is a long-term bear market for stocks…S&P is headed to new lows’, ‘We’ve had pretty much all of the variables which characterize a bear market.’ Other highlights from Gundlach include: I think we’ll ratchet up tariffs. 2019 is all about Capital preservation. Worst thing to do is herd into S&P passive fund. Gundlach sees bond yields still moving higher on supply. Mueller, House probes are a market negative. He sees a weaker dollar ahead….Additionally, Gundlach says the Federal Reserve shouldn’t raise interest rates when it meets this week, citing concerns about the bond market and expectations that a slowing economy may require policy reversals in 2020.”

The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.