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- It's time to start worrying about a recession in the US, according to Jeff Gundlach.
- Soaring bond yields signal that a downturn is coming, the DoubleLine Capital founder said.
- "If the unemployment rate ticks up just a couple of tenths it will be recession alert," Gundlach wrote on X. "Buckle up."
Bond-market turmoil could be a sign that a recession is on the way, Jeff Gundlach has warned.
The DoubleLine Capital founder said Tuesday that a severe economic downturn is becoming more likely, pointing to the narrowing spread between 2-year and 10-year US Treasury yields.