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