Doubleline Gundlach: His base case is still two Fed rate cuts this year

DoubleLines Jeffrey Gundlach is on CNBC. He is more of a bond guy, but is considered a big thinker. Thought that the Fed chair Powell was quite hawkish at the press conference last week.Thinks that the Fed chair should serve out his term.If the Fed chair does resign, it is likely there will be a quick rate cut.The two-year treasury rate is looking for rate cutThis data that coming out is getting much less reliableAdmittedly the comments are all that earth shattering.