DoubleLine's Gundlach Predicts U.S. Recession Likely This Year
Portfolio Pulse from Benzinga Newsdesk
DoubleLine's Jeffrey Gundlach predicts a U.S. recession is likely to occur this year.
May 23, 2024 | 5:43 pm
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NEGATIVE IMPACT
Jeffrey Gundlach's prediction of a U.S. recession this year could lead to increased market volatility, potentially impacting the SPY ETF.
Gundlach's prediction of a recession is a significant market event that could lead to increased volatility and potential declines in the SPY ETF, which tracks the S&P 500.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80