On March 21, Jeffrey Gundlach, the CEO of DoubleLine, who is known as the "New Bond King", said on Thursday that given his view that the risk of a recession is increasing, the market may soon face another painful period of volatility.
Gundlach believes that the probability of a recession in the next few quarters is between 50% and 60%. Although the Federal Reserve's inflation target is 2%, Gundlach believes it is difficult to foresee inflation stabilizing at this level. He also pointed out that the US economy is currently in a stable state, but hinted that the current situation may be heading towards quantitative easing.
Gundlach also shared his investment advice. He advised US investors to stay away from US securities. He warned that a reduction in government spending could slow the pace of economic growth.
In addition, Gundlach emphasized the strong performance of gold, Bitcoin, and other physical assets. He suggested that investors with a primarily US dollar-based portfolio should consider diversifying, reducing their dependence on the US market, and seeking investment opportunities in Europe and emerging markets. (Jinshi)






