Gundlach Lowers Recession Risk Odds, Warns on Credit Market
- Puts chance of a recession at 35% by end of next year
- Predicts Trump’s re-election amid weak Democratic field
Photographer: Andrew Harrer/Bloomberg
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Jeffrey Gundlach said the odds of a recession have fallen and warned investors to steer clear of corporate debt because of rising risks of a weak dollar.
There’s a 35% chance of a recession by the end of next year, the bond manager said Tuesday. In September, he predicted 75%.