Popular bond investor Jeff Gundlach told CNBC that bank stocks are not a sure bet when the Federal Reserve tightens, as many investors believe. Gundlach, whose calls often move markets, also said he is still short shares of Chipotle Mexican Grill.
The full unedited interview with the chief executive officer of DoubleLine Capital is available here for CNBC PRO subscribers only.
Gundlach also revealed the following during his interview on CNBC’s “Halftime Report“:
- His favorite stock market globally
- Why there’s little chance of a U.S. recession
- Why he’s betting against European sovereign bonds
- President Donald Trump’s effect on the markets