Jeffrey Gundlach: Investors should be in cash

DoubleLine’s Jeffrey Gundlach, a deeply respected and highly successful bond manager, believes investors should be holding cash in this environment.

In an interview with Bloomberg’s Erik Schatzker and Stephanie Ruhle, embedded in full below, Gundlach opines: “I don’t see a lot of value in the U.S. stock market and I think you have to play it safe in the U.S. bond market.”