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GUNDLACH: Stocks looked like a good buy two weeks ago, so I bought some

Reuters,Akin Oyedele   

GUNDLACH: Stocks looked like a good buy two weeks ago, so I bought some
Wealth Advisor1 min read

Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid

Thomson Reuters

Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, speaks during the Sohn Investment Conference in New York

NEW YORK (Reuters) - Jeffrey Gundlach, the co-founder and chief executive officer of DoubleLine Capital, said on Friday that his firm purchased some U.S. stocks two weeks ago after their rocky start in January.

"I thought it was a good buy point two weeks ago Wednesday and so we bought some," Gundlach told Reuters.

Bloomberg notes that Gundlach has been heavily underweight stocks since last August.

(Reuters reporting by Jennifer Ablan)

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