Gundlach blames Bernie Sanders for sell-off, cites ‘dark side of momentum investing’
Jeffrey Gundlach, DoubleLine Capital CEO and Wall Street “bond king,” is pointing the finger at Democratic presidential hopeful Bernie Sanders for the market’s tumultuous rout this week.
“If this stock market reversal is due exclusively to the virus, then why is United Healthcare down far more than SPX?” Gundlach wrote in an email to CNBC’s Scott Wapner, referring to the S&P 500. “Why is…