In a regular conference call later-Tuesday, Jeffrey Gundlach, Wall Street’s bond king and Founder and Chief Executive Officer of DoubleLine, which manages $120 billion, expressed some concerns over the US economic growth prospects.
Key Headlines:
Weakness showing up in the indicators.
US GDP growth appears to be based ‘exclusively’ on government, corporate and mortgage debt.
Could have a USD 4 tln deficit if the recession is steep enough.
Atlanta Fed GDP-Now forecast is down around 1.6%.
Expects to see negative signs on stock markets later this year.
Tariffs a looming threat over the economic picture.
Volatility in stocks and bonds could double.
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