Jeffrey Gundlach: Surreal

DoubleLine CEO Jeffrey Gundlach explores the increasingly surreal disconnect in markets, policy and economic data. Drawing inspiration from surrealist art, Mr. Gundlach highlights how traditional relationships – like those among interest rates, inflation and U.S. dollar – are breaking down. He discusses the Federal Reserve’s uncertain policy path, the flattening of inflation progress and why long-term U.S. Treasury bonds remain under pressure despite economic softness. With volatility rising and recession signals flashing, Mr. Gundlach warns that the old playbook might no longer apply.