"Bond King" Jeffrey Gundlach warned that a US recession is imminent, pointing to signs of weakening demand.
"It's pretty clear that we have the look of soon to be at the front end of a recession," the billionaire investor said.
Gundlach has consistently rang the alarm on an oncoming downturn as the economy faces a raft of headwinds.
"It's pretty clear that we have the look of soon to be at the front end of a recession," Gundlach said.
This is not the first time Gundlach, often called "Bond King" for his success in fixed-income investing, has warned of a oncoming US recession.
Persons:
Jeffrey Gundlach, Gundlach, —, David Rosenberg, that's
Organizations:
Service, Privacy, DoubleLine, CNBC, Deutsche Bank, Institute of Supply Management, Federal Reserve