7 views on the market from Jeffrey Gundlach
“As interesting as the complacency is regarding the United States, it's like another order of magnitude how amazing the complacency is around Europe,” Gundlach said. The high unemployment rate in Europe trumps any signs of stabilization, he added, giving European bond yields an unattractive risk/reward profile. Gundlach also noted that the incredible stability and profitability of risk assets with no sell-off in sight usually means that a sell-off is happening soon.
Source: Litman Gregory