DoubleLine Capital's Jeff Gundlach - Reuters

Reuters reporting some key details from the Jeffry Gundlach talking points mentioned earlier. Gundlach is head of DoubleLine Capital and gave a speech at a private event for DoubleLine Capital clients.

Key quotes:

"Gundlach said the Fed's "quantitative tightening" was a factor in rising Treasury yields. The uptrend in yields will continue as foreigners will be averse to purchasing U.S. bonds because of hedging costs, he said."

""The Fed is not going to bail out the market - unless there is a big problem," he said. "The stock market peaked the last day of Janet Yellen's tenure, as Federal Reserve chairperson, literally," Gundlach said."

Highlights from earlier

Core CPI, NY Fed underlying inflation gauge both suggest that US inflation will go higher.

Gold has broken a major downward trendline, like something big is happening.

Gundlach isn't sure if the US Treasury yield curve will invert or not.

But says that yields on an uptrend.

Some indicators "suggest" 3% inflation.

Gundlach is confident that the Fed's Jerome Powell is not going to bail out the markets.