Billionaire ‘Bond King’ Jeff Gundlach says FAANG stocks are losing steam, the economy is ‘living off government rescues,’ and he’s neutral on bitcoin in a recent webinar. Here are his 10 best quotes.

Billionaire ‘Bond King’ Jeff Gundlach says FAANG stocks are losing steam, the economy is ‘living off government rescues,’ and he’s neutral on bitcoin in a recent webinar. Here are his 10 best quotes.

FILE PHOTO: Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital, speaks at the Sohn Investment Conference in New York

Reuters

Jeff Gundlach, the billionaire investor known as the "Bond King," said in a DoubleLine Funds webcast on Tuesday that FAANG stocks may be breaking down as the "market's generals." The DoubleLine Capital chief executive also said bitcoin is a 'fascinating representation of animal spirits and speculation,' the economy is living off of government rescues, and questioned what a boom in Christmas tree sales could say about the American consumer.Here are Gundlach's 10 best quotes from the webcast. Visit Business Insider's homepage for more stories.

Billionaire investor Jeff Gundlach said mega-cap tech stocks may be losing steam, warned about how government transfer payments are worsening wealth inequality, and clarified his stance on bitcoin in a Tuesday webcast for his DoubleLine Total Return Bond Fund.  Here are the DoubleLine Capital CEO's 10 best quotes. 

"The performance has just been staggering...the generals seem to be not joined in the battle right now, so that bears watching."-on the FAANG stocks and Microsoft.  "I'm not a bitcoin pro or con person. I'm not in the cult, and I'm not in the anti-bitcoin cult. I just look at it as a fascinating