DoubleLine CEO Jeffrey Gundlach: The base case for 2024 now is one rate cut

DoubleLine CEO Jeffrey Gundlach joins 'Closing Bell' to discuss his reaction to the Fed's meeting and decision to leave rates unchanged.

[@epimaz]

Wall Street trying to price in a crash. Let's see how this plays out.

[@William1866]

One cut before the election. The fix is in.

[@LumenMichaelOne]

It's a GOOD Fix dummy. What's your problem?

[@dr9gonkid20]

Give it a rest.

[@peterdangelo5882]

@@dr9gonkid20 Why there is no reason to cut this year. FED is letting of QT pedal because house of cards is ready to fall. So no need to cut at all.

[@Caliblazeup]

Im a working man and bout to quit my job and No one needs to work in america anymore. Enjoy life instead without slavery from this government that dont care about you

[@brigspearman2171]

Don’t know that because Kentucky Derby is actually national international completely different. They have been Ben in the summer Olympics game. They have been doing that for years.

[@ChupraCumbra]

Gundam always Wrong just like Tom Lee 😂😂😂😂

[@aguyinavan6087]

7 rate cuts in Nov 2023. 5 Rate cuts in March 2024. The whole market ran with these expectations. Then in April JP saying rate cut in June/July. Now, no rate planned by fed. With the market running on all the rate cut expectations, we're at a major risk of a mass selloff.

[@dr9gonkid20]

We work on lowering the interest rates and we'll really be in business

[@method341]

J Powell was bullish today.

[@scottmccullo]

Keep an eye on the it balance sheet reduction . Chairman Powell said they would begin to slow its balance sheet reduction, or quantitative tightening program next month, which was launched in 2022 to shrink the assets it holds on its balance sheet. I am not sure the public understands the reasoning behind this move but it can do some damage .

[@keto6789]

Is this guy ever happy? ...

[@ChupraCumbra]

Since he made a Billion he always wrong.....

[@ScottFranklin-of3nz]

Apple devices and apple company is not granted or contempt to recieve grants from multiple governments for other investments

[@bradleyqueen3879]

No cuts this year. Went from 6 cuts now to 1 lol.

[@brigspearman2171]

This is a big deal. They have been on a summit summer. They have been doing that for years.

[@user-sb5tz8mh3t]

Cut hut hike lol

[@eggnogaddict6287]

So tired of this guy, and somehow he’s “the” guy for post Fed meetings. Always commenting after the fact with the “oh yeah, like I called it” when all he says is a bunch of everything meaning he can play the “of course” role. Total word salad.

[@method341]

Agreed, totally overrated and all over the place.

[@keimo2007]

💯

[@ScottFranklin-of3nz]

Other markets of gas and other related resources are not contemplated with particular distribution ideals petroleum oil is of other countries by non banking and of no interests of united states stuff but i think other countries stuff like oil proposals is only thing relevant

[@georgemaximus694]

He must be disappointed just like bill ackman who said the fed will cut rates in march.