DoubleLine's Gundlach warns of recession and advises shifting investments to Europe and emerging markets

From CNBC: 2025-03-20 16:19:41

DoubleLine Capital CEO Jeffrey Gundlach warned of potential volatility and recession, advising investors to upgrade their portfolios. With $95 billion under management, DoubleLine has reduced borrowed funds to historic lows. Gundlach sees a 50-60% chance of recession, urging a move away from American securities to Europe and emerging markets amidst economic uncertainty.

Read more: DoubleLine’s Gundlach sees more risk coming, and greater chance of recession