Gundlach: Trump Tax Cuts Will Be ‘Really Hard to Get Done’

U.S. equities are “grinding higher,” according to DoubleLine Capital CEO Jeffrey Gundlach. But with tax cuts looking like they will be “really hard to get done” and other headwinds, investors need to keep expectations low, the bond king said during a conference call on Tuesday. Gundlach favors non-U.S. stocks given the “undeniably high” valuations for the…