'Bond King' Jeff Gundlach says no rate cuts are coming and investors should load up on cash, gold, and real assets

Bogdan Hofbauer

The " Bond King " has a warning for investors jumping into the risk-on trade. Jeffrey Gundlach , the legendary fixed-income investor and the CIO of DoubleLine Capital, said he was recommending that investors load up on cash, gold, and other "real assets" in their portfolios this year. Speaking to Bloomberg this week, he pointed to a handful of risks he saw looming over stocks and other risk assets — namely, the risk that the Fed could hike rates rather than cut them. Gundlach, a longtime bear