DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that it looks increasingly likely the U.S. will tip into a recession.
The yield-curve inversion has been a reliable recession predictor and signs of a reversal could be indicative of an imminent economic downturn.
Meanwhile, Gundlach said ISM supplier delivery delays are near their lowest levels in 30 years, showing greater supply than demand, which further indicates a weak economy.
Gundlach said his preferred portfolio mix right now consists of 30% stocks, 60% bonds and 10% real assets.
In terms of real assets, Gundlach said he favors gold, even though he's now less bullish than he was.
Persons:
Jeffrey Gundlach, Gundlach, Goldman Sachs, nonfarm, he's
Organizations:
DoubleLine, Conference Board, Federal
Locations:
U.S