Posted 1/10/2024, 12:40:00 PM
Gundlach Sees Storm Clouds Gathering: Recession Likely, Markets Overvalued, Volatility Ahead
- The "double top" in the S&P 500 makes it seem like a "pretty lousy trade" right now, according to Gundlach
- Stocks could fall if earnings disappoint, and value could outperform growth stocks
- Gundlach views a US recession as highly likely
- Ballooning government debt is a big problem that will get worse in a recession
- Gundlach has a gloomy outlook, expecting high volatility in markets and the economy in 2024