GUNDLACH: Watch out for a stock market sell-off around inauguration day
|12/17/2016||Posted by BusinessMediaguide.Com under General World News||
DoubleLine Funds founder Jeff Gundlach said the stock market could sell-off around inauguration day.
During his final investor webcast for the year on Tuesday, he pointed out that stocks typically rise in the days after an election, just as they have.
But they drop after the president is sworn in, as investors realize that he does not have a magic wand to implement everything they are hopeful for.
Gundlach’s presentation was titled “Drain The Swamp,” a reference to President-elect Donald Trump’s promise to reform ethics in Washington by not relying on career lobbyists and party insiders. However, Trump’s top cabinet read more >>>