Gundlach Passionate About Fed Rate Hike

Jeffrey Gundlach, chief executive and chief investment officer at Doubleline, has rather strong opinions that are similar in their declarative nature to proclamations of Donald Trump, whom he praised in a Tuesday webcast. Throughout the presentation Gundlach inserted his unique brand of market insight, such as predicting that investors in Puerto Rico might receive 100 percent of their investment back, alongside strong declarations that one strategy or viewpoint was superior to another. But Gundlach saved his most significant proclamation for Fed Chair Janet Yellen.

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Gundlach: “Dammit, Janet, don’t raise rates”

“Dammit, Janet, don’t raise rates,” Gundlach implored with a commanding tone in his voice. He...