Jeffrey Gundlach says all the 'Goldilocks' talk makes him nervous, thinks recession is still likely
Publishing timestamp: 2024-01-31 16:57:54
Summary
The article discusses how DoubleLine Capital CEO Jeffrey Gundlach believes that the Federal Reserve's decision to keep interest rates unchanged has dashed hopes for a "Goldilocks" economic scenario. Gundlach predicts a likely recession this year and advises investors to raise cash for buying opportunities when the economic downturn arrives.
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Keywords: wall street, markets, jerome powell, breaking news: markets, business news, investment strategy, s&p 500 index, breaking news: investing, breaking news: business, stock markets, jeffrey gundlach,