Bill Gross Says Bull Market In Stocks/Bonds Coming To An End

Janus Capital’s Bill Gross believes the “supercycle” for stock and bonds is coming to a close once the Fed’s unconventional monetary policies wind down. The former PIMCO leader said “credit based oxygen is running out” which helped drive the long bullish trend in both stocks and bonds. Gross doesn’t necessarily believe the bull market is going to end with a bang. Instead he sees it ending “with a whimper” and “only the timing is in doubt”. Gross has been one of the most persistent critics of Fed policies the last several years. Back at PIMCO, he bet heavily that Fed policy would lead to rampant inflation. The lack of inflation and the subsequent losses he incurred contributed to his well-publicized exit from PIMCO. Gross’ $1.5 billion Janus fund has also underperformed at times due to his market warnings coming too early. This time around, it appears Gross is taking a more cautious approach on timing. (VIEW LINK)