J. Gundlach: Decrease your US stocks positions!

The popular investor, Jeffrey Gundlach, advised investors to cut their exposure to US stocks and diversify them with other markets, such as India and Japan.
In an interview, the head of DoubleLine Capital also said he expects at least two Fed rises in interest rates this year.
Gundlach, confirmed his position from last June that an increase in 10-year US Treasury interest rates, above the psychological limit of 3%, would cause serious trouble for US stocks. Such an action would certainly mark the end of the three-decades-long bullish bond market.
Gundlach's position is very close to that of another legendary bond investor, Bill Gross, according to which bonds will enter the bear market when interest rates on 10-year securities are 2.6%. And these interest rates had already passed.
With regard to shares, Gundlach reaffirmed his view that other markets, beyond the US, are far cheaper and have a significant catching-up potential.