Billionaire ‘bond king’ Jeff Gundlach dissed day traders, downplayed a ‘V-shaped’ recovery, and defended Trump’s tax cuts in a recent interview. Here are his best quotes.

• Billionaire “bond king’ Jeff Gundlach discussed the coronavirus crash, the pandemic’s lasting impacts, day traders, the November election, and other subjects in a Yahoo Finance interview on Wednesday.
• The DoubeLine Capital CEO downplayed the prospect of a “V-shaped” economic recovery, and said the Federal Reserve is causing headaches for investors.
• Gundlach also accused amateur traders of gambling and warned a repeal of Trump’s tax cuts could threaten the stock market.
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Billionaire bond king Jeff Gundlach discussed the coronavirus crash, the pandemic’s economic and psychological effects, day traders, the presidential race, and other topics in a Yahoo Finance interview on Wednesday.

The DoubleLine Capital boss questioned the likelihood of a “V-shaped” economic recovery, underscored the difficulty of investing when the Federal Reserve is propping up asset prices, and suggested there could be another round of layoffs.

Gundlach also accused amateur traders of wildly speculating and warned Democrats that repealing Trump’s tax cuts could hit stock prices.

Here are his best quotes from the Yahoo Finance interview, lightly edited for clarity and divided into eight categories: