'Bond King' Jeffrey Gundlach tells investors to prepare for recession - and warns against trying to prevent a downturn
Jeffrey Gundlach has raised the alarm on an impending US recession, warning investors they need to prepare for it regardless of how severe it ends up being.
2."We could see some real interesting, painful outcomes that are coming in the next recession, whether it's very severe or not." 4."The one indicator that is the slam dunk on recession is if the unemployment rate crosses its three-year moving average. We're pretty far away from that, but if that happens it suggests you're in more of a hard-landing type of recession."
6."What a lot of amateur investors don't understand is that markets often change direction at year end. It's not because of some strange astrological phenomenon, it's because of flows. It's not surprising that the Nasdaq, which was the dog of 2022, turned into the hero of 2023."
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