The Bond King Gundlach interview. He talks about Robert Shiller's noble prize winner the Shiller pe cape ratios are 35 which is double the rest of the works. Please note 8 out 10 times within 6 days the market crash’s into a recession when the yield curve inverts which means the long-term bonds pay lower rates than lower rates. This is exactly what happened in Oct 2019 and then the crash in March 2019.
We have negative real yields of 6.8% means people are losing at least that. Europe calculates the cpi inflation for the US is 7.8%.
Those in bonds/ bond funds will get hurt and so will people in the market.
How the yield curve is sending a recession 'signal': Jeffrey Gundlach