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DoubleLine's Gundlach says recent US stock rally feels like short squeeze
May 24, 2016 / 9:16 PM / a year ago

DoubleLine's Gundlach says recent US stock rally feels like short squeeze

NEW YORK, May 24 (Reuters) - Jeffrey Gundlach, the chief executive officer of DoubleLine Capital, said on Tuesday that the rally in U.S. stocks, which began on Monday, feels like a short squeeze.

"The market is not incredibly healthy," Gundlach said in a telephone interview. Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said the U.S. stock market is "dead money." (Reporting by Jennifer Ablan; Editing by Chris Reese)

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