Jeffrey Gundlach’s Macro and Market Update in “Cave People” Webcast

In his webcast titled “Cave People” in reference to the philosopher Plato’s “Allegory of the Cave,” DoubleLine CEO Jeffrey Gundlach (0:06) on March 12, 2023, briefly reprises his outlook on the federal debt spiral before reviewing other macroeconomic and market topics, including recessionary “storm clouds.” Notably, while the government’s establishment survey has resilient nonfarm payrolls, Mr. Gundlach marshals evidence showing “the rubric that there’s this booming employment economy is contradicted by other areas.”