JPY Trading Outlook (11-03-2015)

Gundlach: Stock market signaling it doesn’t like strong dollar

Although U.S. equities markets are signaling that a strong dollar may not be a good thing, the currency will keep getting stronger, according to one investing pro.

DoubleLine CEO and CIO Jeffrey Gundlach said during a Tuesday afternoon webcast about the firm’s total return fund that it seems the dollar accelerating to the upside is now seen as a negative for stocks. The greenback has been a “world beater,” and will continue to be until its strength becomes unsustainable, he said.

As for global equities, the investor said he continues to like India for the long term.

http://www.cnbc.com/id/102493596