Doubleline Capital's Gundlach Says Still Expecting A Recession; Sees Recession Coming In A Year
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach, in a CNBC interview, reiterated his expectation of a recession within a year. Gundlach's comments are significant given his reputation as a prominent bond investor.
June 12, 2024 | 7:46 pm
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Jeffrey Gundlach's prediction of a recession within a year could lead to increased volatility and potential downside for SPY, as it tracks the S&P 500 index, which is sensitive to economic downturns.
Gundlach's reputation as a prominent bond investor lends weight to his recession prediction. SPY, which tracks the S&P 500, is likely to experience increased volatility and potential downside as investors react to recession fears.
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