DoubleLine Capital founder Jeffrey Gundlach on Tuesday referred to Bill Gross as a "second-tier" manager while disagreeing with Gross's outlook for bonds. Gross, who manages the Janus Global Unconstrained Bond Fund, said on Friday that "if the 10-year breaks 2.6% on a weekly or on a monthly basis, because it’s so strong and so important in terms of technical analysis, that if and when it’s broken on the upside, it’s a bear market.” During a webcast on his 2017 outlook, Gundlach countered: “A couple of second-tier bond managers talking about 2.6% at a key technical level on U.S. 10-year are ignoring the the fact that 10-year made intraday high [on Dec. 15] of 2.64%.” Read the original story from Business Insider.