The recovery in the US housing market is over, says Jeffrey Gundlach. The head of US investment manager DoubleLine Capital made his reputation as one of the world’s leading bond fund managers, with many viewing him as the new ‘bond king’, taking the crown of Bill Gross at Pimco.
In a presentation last week, he noted that “virtually all” measures of housing activity have slowed notably since the Federal Reserve started to talk about reducing quantitative easing (QE), says Joshua Brown on The Reformed Broker blog.
It’s hardly been a strong recovery compared to the past in any [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.