Markets Are Crazy" - Gundlach, Minerd Warn: This Is Anything But Goldilocks
Dow Jones Futures are up almost 400 points from the post-trade-war lows, Nasdaq is up even more on a relative basis, and 'safe-haven' FANG stocks are soaring as investors embrace the trade war...
There's just one thing - nothing else agrees with this riskless, goldilocks environment, and DoubleLine's Jeff Gundlach points out the ugly reality to those willing to listen...
One quick glance at the gaping divergence between lower yields (and collapsing yield curve) and soaring stocks tells you something is amiss (and we know which way this normally resolves in the short term)
Which is what Guggenheim's Scott Minerd is worried about:
And judging from the yield curve, growth is anything but the thing to buy right now...
As we are already seeing global trade volumes slump...
