DoubleLine CEO-CIO Jeffrey Gundlach joins Fox Business’ Making Money With Charles Payne to sound the alarm on private credit, drawing a direct parallel to the mortgage market alchemy of the mid-2000s. He points to a prominent fund that marked its loan portfolio down from 100 to 81 overnight as a sign something is off, and Mr. Gundlach returns to his Wild West analogy to describe how a flood of fast money into a previously stable market inevitably attracts trouble alongside legitimate players.
On the Fed, he is cautiously optimistic about Fed Chairman Kevin Warsh, seeing his new task forces as a deliberate way to buy time while inflation continues to cool, and expresses hope that Chairman Warsh will prove more independent in his approach than his predecessors. Mr. Gundlach closes with his market outlook heading into earnings season, favoring high-quality credit over riskier, lower-rated paper.
Mr. Gundlach is CEO of DoubleLine. In 2011, he appeared on the cover of Barron's as "The New Bond King." In 2013, Institutional Investor named him "Money Manager of the Year." In 2012, 2015 and 2016, he was named one of "The Fifty Most Influential" in Bloomberg Markets. In 2017, he was inducted into the FIASI Fixed Income Hall of Fame. Mr. Gundlach is a summa cum laude graduate of Dartmouth College, with degrees in Mathematics and Philosophy.
