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Jeffrey Gundlach
Jeffrey Gundlach.

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  • Jeffrey Gundlach says the S&P 500 is a bad bet now and the Magnificent Seven will probably falter.
  • The investor sees a 75% chance of a recession this year based on the yield curve and other signals.
  • Gundlach expects inflation, interest rates, and unemployment to be higher than most expect.

The S&P 500 seems like a bad bet now, and the so-called Magnificent Seven stocks are likely to trail the wider market, Jeffrey Gundlach warned during a recent public webcast.

The billionaire investor and DoubleLine Capital CEO also pegged the probability of a recession this year at 75%, struck a bearish note on the dollar, and predicted higher inflation, interest rates, and unemployment than many on Wall Street expect.

Tags
Markets, economy, mi-exclusive, Markets, Stocks, jeffrey-gundlach, stock-market-outlook, Billionaires, doubleline-capital, sp-500, Inflation, Recession, interest-rates, Unemployment, federal-reserve, national-debt, magnificent-seven, us-markets-and-economy, yield-curve
Source
The S&P 500 looks risky, there's a 75% chance of recession this year, and a fir…