Jeffrey Gundlach says inflation is peaking, and here's where he'd put money to work right now

Jeffrey Gundlach
Heidi Gutman | CNBC

DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that inflation is likely to have peaked but price pressures will continue to be a challenge for the Federal Reserve, which he thinks is behind the curve.

The so-called bond king also revealed his market outlook and where he's putting money to work right now.

More In Follow the Pros

CNBC ProBest trades on CNBC Friday: Pros lay out entry points in these tech and energy stocks
CNBC Pro‘The Big Short’ investor Michael Burry thinks financial markets rout is only halfway through
CNBC ProBest trades on CNBC Thursday: Where to find safety amid market uncertainty