By Jennifer Ablan NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive officer of DoubleLine Capital, said on Tuesday that the rally in U.S. stocks, which began on Monday, feels like a short squeeze and characterized U.S. stocks as "dead money." "The market is not incredibly healthy," Gundlach said in a telephone interview, noting recent corporate earnings have come in weak. Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said the S&P 500 index "has gone nowhere in the past 12 months to 18 months." On the Federal Reserve, Gundlach said it is still 50/50 odds that the U.S. central bank will raise interest rates in June.
Amnesty International has accused nearly half of the European Union's members of fuelling killings and torture among other abuses in Egypt through arms exports, in a report issued on Wednesday. International organisations have accused Egyptian President Abdel Fattah al-Sisi of running an ultra-authoritarian and repressive regime since he deposed his democratically elected Islamist predecessor Mohamed Morsi in 2013. In its report, Amnesty said "12 out of 28 EU member states have remained among Egypt's main suppliers of arms and policing equipment".