Gundlach Says Housing Is “Achilles Heel” Of U.S. Economy

Jeff Gundlach thinks that housing looks vulnerable right now, and it could be the “Achilles Heel” of the economy. The legendary bond trader made the comments on CNBC’s “Fast Money Halftime Report” earlier today. According to Gundlach, the softer than expected housing data that has arrived recently shows real weakness in the sector.

During the interview, Gundlach discussed his view of the general market along with Federal Reserve policy, and what might provide the impetus for a move in interest rates in the short and medium term. The manager of...