The Tell: Gundlach says investors should ‘peel off’ some U.S. stockholdings

Bond investor Jeffrey Gundlach on Tuesday said there’s more room to the upside for U.S. stocks, but that investors should “peel off” some of their exposure to equities and look to diversify into other markets, including India and Japan.

In a webcast, the chief executive of DoubleLine Capital also said he expects the Federal Reserve to raise rates at least twice and possibly three times this year, including a move in June.

He also reiterated a point he made last June, warning that a rise in the yield on the 10-year Treasury note TMUBMUSD10Y, +0.35% which ended Tuesday near 2.38%, to more than 3% would spell trouble for U.S.

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