He called the recent action in the bond market a “knee-jerk rally” and said that rates are being held up because of an excess supply of government bonds.
Gundlach commented on how the dollar is affecting interest rates. He said dollar positioning is “wildly bullish” and predicted that the next big move will be down. Indeed, he said, higher deficits correlate with dollar weakness.
Commodities have been weak lately, but he expects them to improve as the dollar weakens.
https://www.zerohedge.com/news/2018-12-12/why-gundlach-scared-sick-global-economy