jeffrey gundlach once again on fed day.ews conference the best investments he sees given what happens today he'll let you know, of course. with us exclusively today once again. josh brown is going to be there, too. we're hoping you'll join us. he'll give us his outlook for stocks and everything else he sees let's do some final trades farmer jim >> alaska airlines scott, and i think everybody knows how i feel about the economy, that we're not headed for recession. even within the airlines, this is the best of the bunch i say that based on their release yesterday, that they'll start share repurchases in early 2023 they're amongst the first, may be the first to do that in the airline industry reflects their strong balance sheet and their projections for strong financial performance in 2023 >> okay. better than -- you go on delta, too, right >> a little bit of delta >> kirby was bullish from united no big shock it's a good time to be, you know, operating an airline, i guess. the question is, whether it's a good time to be an in

. >>> we're back on the half time report i spoke to double-leans jeffrey gundlach about the outlook >> the question is what is 2023 going to bring stocks of course done better lately they're still down particularly on the nasdaq quite a lot. i kind of feel like january could start out as it often does with buying. i think it's possible we see reallocation as we enter 2023, which could -- i believe we're going to start out with good returns for both stocks and bonds in january, at least at the beginning of the year as we get kind of reversal of some of the selling that happened to the losses >> remember he told me i think it was at the schwab event the key risk going into the end of the year was elevated tax loss selling. >> i think the beginning of next year, scott, is going to be like most of this year which has a high degree of uncertainty i know you don't want to hear that when you're whistening to someone like me. you want certainty but you just can't right now because there's too many unknown as sarat said earlier what's going on with earnings obviously you're going to get fourth

i think jeffrey gundlach said it correctly yesterday they're telling us this could actually be a little bit harder landing than what the market is telling us >> but, wait, i mean you just said that but you also said that you see the fed going to 5, to 5.25 so you can't have it both ways >> exactly and i think that's why markets are so confusing right now, why data is so mixed, and the further we get into late cycle the fed is following the path of the inemployment market right now, and they're trying to talk down inflation based on employment because of where unemployment is. we're still at so-called 7% inflation if you will looking backward and then they're going to have to toggle pretty quickly at least in our opinion that's why when we suggest bond is outperforming in the first half and equities in the second half, very difficult to time that so we want to be as diversified as we can. we want to be broadly neutral starting the year so you're not moving in and out all over the place. and this panel knows it better than anybody, selection is going to matter a lot in 23, much more than

let's ask doubleline founder ceo and chief investment officer jeffrey gundlach with us

and yet even jeffrey gundlach thinks you can get a little runway here. >> well, considering where the market has been there's not many years in which the market is down 15 to 20% where there isn't a bounce in the following year it could still be down where it was in january in 2022 that's not a bet that's going way out over its skis. i think it really depends on what we hear, unfortunately, on a couple of things what's going on inflation, the cpi, those prints matter a lot and how the fed is going to handle them. to me the most determinants of the direction of the market. >> well, he's got some abilities. i went to the supermarket last night to get food and the prices are daunting i have campbells tonight, mark i did try the hormel i got last week i tried the spam the spam was not my thing. it went up a little bit. it did me in entirely. it was clearly a wrong call but i think the campbells stuff is pretty good. they don't hit me like it would if we were to go together right now and let's say up buy caviar, which is incredible. >> service inflation needs to come down. >> did any of yo

jeffrey gundlach is back with us again and his first reaction to the decision sand what they say at the news conference have a great night "fast money" is now. >>> right now on "fast," power on the clock final decision this year on rates just hours away but one top market watcher said investors are paying too much attention to rates and not enough to the fed's other big tool. >>> and plus promising new result for a new treatment from skin cancer, the off the charts stock reaction coming up. >>> and later another tesla tumble the stock down 10% in two days and roughly 40% this quarter is the dent in the ev maker opening the door nor the rest of the industry to catch up. >>> and fresh troubles for tiktok two more states taking action against the app to ban it. i'm melissa lee and this is "fast money. on the desk tonight. we start off with the markets c roller coaster giving up a gain as investors digested what it could mean for the fed's decision tomorrow after g red closele up 100 points and the nasdaq rising a percent though it had been up 4% at highs of the day. the s&p holding on to g