Jeffrey Gundlach sees one of the 'least healthy' stock markets of his career, urges 20% cash

The money manager sees speculative excess in AI-related stocks and data-center investments, cautioning that momentum investing during a boom can end badly.

# Jeffrey Gundlach sees one of the 'least healthy' stock markets of his career, urges 20% cash The money manager sees speculative excess in AI-related stocks and data-center investments, cautioning that momentum investing during a boom can end badly. **Read the full article:** [CNBC](https://www.cnbc.com/2025/11/17/gundlach-sees-one-of-the-least-healthy-stock-markets-of-his-career.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*