Billionaire 'bond king' Jeff Gundlach dissed day traders, downplayed a 'V-shaped' recovery, and defended Trump's tax cuts in a recent interview. Here are his best quotes.

Theron MohamedJul 2, 2020, 17:32 IST

Jeffrey Gundlach wasn't thrilled about a recent WSJ story about the shrinkage of his biggest fund, so he took to Twitter to voice his displeasure.Reuters / Jessica Rinaldi

Billionaire "bond king' Jeff Gundlach discussed the coronavirus crash, the pandemic's lasting impacts, day traders, the November election, and other subjects in a Yahoo Finance interview on Wednesday.
The DoubeLine Capital CEO downplayed the prospect of a "V-shaped" economic recovery, and said the Federal Reserve is causing headaches for investors.
Gundlach also accused amateur traders of gambling and warned a repeal of Trump's tax cuts could threaten the stock market.
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Billionaire bond king Jeff Gundlach discussed the coronavirus crash, the pandemic's economic and psychological effects, day traders, the presidential race, and other topics in a Yahoo Finance interview on Wednesday.

The DoubleLine Capital boss questioned the likelihood of a "V-shaped" economic recovery, underscored the difficulty of investing when the Federal Reserve is propping up asset prices, and suggested there could be another round of layoffs.

Gundlach also accused amateur traders of wildly speculating and warned Democrats that repealing Trump's tax cuts could hit stock prices.

Here are his best quotes from the Yahoo Finance interview, lightly edited for clarity and divided into eight categories:

The coronavirus crash

AP Images / Richard Drew

The Federal Reserve's actions

Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017. Joshua Roberts/Reuters

The pandemic's psychological toll

FILE PHOTO: People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort Reuters

The economic recovery

Mario Tama/Getty Images

The challenge for investors

REUTERS/Brendan McDermid

More layoffs to come

FILE - In this March 17, 2020, file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. The coronavirus pandemic has been particularly brutal to the tourism-dependent economies of Nevada and Hawaii, lifting the unemployment rate in both states to about one-quarter of the workforce. (AP Photo/John Locher, File) Associated Press

The day-trading boom

Lionsgate

The presidential election

U.S. President Donald Trump mocks U.S. House Speaker Nancy Pelosi (D-CA) as he rallies with supporters in Dallas, Texas, U.S. October 17, 2019. Jonathan Ernst/Reuters

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