Gundlach's Buy-the-Dip Warning on High-Yield Bonds

The transcript discusses Jeffrey Gundlach's concerns about leveraged loans and high yield bonds, drawing parallels to the 2007-2008 credit crisis. It highlights shifts in market sentiment from late 2018 to early 2019 and Gundlach's advice to focus on companies with strong balance sheets due to high leverage ratios. The discussion also covers the US debt situation, auction demand, and potential implications of government shutdowns on credit ratings.

What implications does the growing pile of US debt have on the market according to the discussion?

What are the potential risks associated with budget battles and debt ceiling dates as mentioned in the conversation?