Jeffrey Gundlach says the S&P 500 is headed to new lows: ‘I’m pretty sure this is a bear market’

CNBC/Michael Sheetz/12-17-2018

“‘I’m pretty sure this is a bear market,’ Gundlach told Scott Wapner on CNBC’s ‘Halftime Report.’ ‘We’ve had pretty much all of the variables which characterize a bear market,’ Gundlach added.”

USAGOLD note:  Gundlach joins a long and growing list of analysts and money managers warning of a stock bear market. The fall of the FAANGs was “kind of the final straw.”  He says 2019 will be all about “capital preservation.” Gold and silver come to mind in that context.

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