U.S. stocks are very overvalued on almost all metrics: 'Bond King' Jeffrey Gundlach
We get perspective from the biggest bond fund manager in the world. Jeff Gundlach, CEO of DoubleLine, joins BNN Bloomberg's Amber Kanwar to provide his outlook. He's concerned about the U.S. Federal Reserve's conviction on inflation, thinks U.S. stocks are very overvalued on almost all metrics, believes U.S. President Joe Biden's proposed capital gains tax hike is a negative, sees the U.S. corporate tax rate rising to 25 per cent, and feels that Canadian housing affordability issues can create societal tension.