Gundlach: Market unwind will be ‘turbulent,’ not over in a few days

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of Doubleline Capital, said Wednesday that the “low rate-low volatility” environment went on for so long that now “the unwind will be turbulent and not over in a couple of days.”

Gundlach, who is known as the Wall Street bond king, told Reuters that bitcoin was the “lead horse” of risk assets and its recent plunge has had a cascading effect on other risk assets.

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