The sharp rebound in the US stock market this year has cast doubts on various calls by models and pundits that a bear market started in the late-2018 plunge. But the rally hasn’t deterred bond manager Jeffrey Gundlach: the DoubleLine Capital CEO doubled down and told CNBC yesterday that the S&P 500 is still in a bear market despite closing on Thursday (Mar. 21) at the highest level since Oct. 9.
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Trump: US should recognize ‘Israel’s Sovereignty over the Golan Heights’: CNN
US officials downplay odds for a quick trade deal with China: Bloomberg
EU offers UK an extra 2 weeks to avoid a hard Brexit: Bloomberg
Eurozone mfg downturn deepens in March via PMI survey data: IHS Markit
Indonesian airline cancels order for 49 Boeing 737 Max jets: CNBC
US Leading Economic Index turned up in Feb–first rise in 5 months: CB
US jobless claims fell more than expected and reflect strong labor market: CNBC
Philly Fed Mfg Index revived in March, reversing most of Feb’s plunge: MW