Gundlach: Investors should be in a defensive position

  • "Bond king" Jeffrey Gundlach told CNBC on Monday that investors should be defensive, especially in the midst of a "weak bond market" and a "broadly sideways" stock market.
  • "There seems to be sort of a battle royal going on with the market kind of dipping below 2,130 but unable to close below that level," the chief executive of DoubleLine Capital told CNBC's Scott Wapner on "Fast Money Halftime Report." "I would turn particularly negative if the S&P closed twice below 2,130."
  • Gundlach said he's been short on stocks all year and is "up tremendously" by avoiding or shorting certain consumer discretionary areas, such as rent, because of rising inflation.

  • Gundlach says investors should stay away from Deutsche stock

Source: CNBC

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