Billionaire Investor Gundlach Said Tuesday That a Severe Economic Downturn Is Becoming More Likely

Jeff Gundlach of DoubleLine Capital warns that rising bond yields indicate an imminent U.S. recession. He emphasized the rapidly de-inverting U.S. Treasury yield curve and stated that even a slight increase in the unemployment rate will trigger a recession alert. Historically, an inverted yield curve has foreshadowed every U.S. recession since 1969. Other Wall Street experts also foresee potential economic turmoil due to the bond-market shifts.