Gundlach Says Stock Allocation Around 30%, Only in Equal-Weight S&P

Gundlach's positioning is notable less for the number than for the structure: a low equity weight paired with equal-weight exposure implies skepticism toward mega-cap concentration as much as toward equities broadly. The signal matters for readers tracking how prominent bond investors are framing U.S. equity risk, though the disclosure is thin — no timing, no sizing context. Whether this stance is echoed by other macro-focused allocators, or remains an outlier, is the open question worth watching.