Doubleline Capital's Gundlach: US Treasuries aren't attractive

Jeffrey Gundlach, the head of Doubleline Capital, spoke in New York on Tuesday about his outlook on the US economy, among other things.

Key highlights

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.