Jeffrey Gundlach, Wall Street’s bond king and Founder and Chief Executive Officer of DoubleLine, which manages $120 billion, says that there are increasing risks of the US falling back into recession amid looming US-Chia trade war.
Key Headlines:
“Sees US recession chance at 40-50% in 6 months and a 65% chance in the next 12 months.
Tariffs could curb consumer spending.
The yield curve, NY Fed recession probability show rising probability of recession.
The bond market is saying 2 or 3 quarter percent cuts between now and year end.”
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