Recession probabilities rise 40-45% in six months: DoubleLine’s Gundlach

Recession probabilities rise 40-45% in six months: DoubleLine’s Gundlach

FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid

(Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the probabilities of a recession have moved up 40-45% in six months and 65% in one year.

Gundlach, who oversees more than $130 billion in assets under management, said the yield curve and the New York Fed recession probability showed a rising probability of recession.

Reporting by Jennifer Ablan; Editing by Tom Brown

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