Gross and Ackman Warn of Looming Recession, Advise Investing in Bonds and Futures

Bill Gross predicts a recession hitting in Q4, citing signs like challenges at regional banks and a jump in auto loan delinquencies.

Gross advises investing in bonds across the Treasury yield curve.

He also recommends SOFR futures contracts and equity arbitrage plays.

Bill Ackman has closed his bets made against Treasurys amid growing economic risks.

Ackman says the economy is slowing faster than recent data suggests.