DoubleLine’s Gundlach warns stocks are ‘exhibiting signs of a mania’

That’s Jeffrey Gundlach, CEO of DoubleLine, in a CNBC interview Wednesday afternoon, following a decision by the Federal Reserve to hold interest rates steady in June, but penciling in more for later this year.

“If you want to talk about the stock market, I think you’ve got to divide it into sectors,” Gundlach said. “You’ve got the ‘S&P seven,’ which is the mania craze regarding if you say anything about AI, your stock goes up 20%.”

He…