REUTERS/Jim Young
- A recession will hit in the fourth quarter, Bill Gross said in a Monday tweet.
- Invest in the yield curve, SOFR futures, and equity arbitrage, he advised investors.
- Bill Ackman also closed bets made against Treasurys, amid growing economic risks.
The US will drop into a recession this quarter, as the economy is flashing signs it's cooling down, billionaire investor Bill Gross tweeted on Monday.