The Latest Breaking News from Jeffrey Gundlach

DoubleLine Capital CEO Jeffrey Gundlach indicated that the current AI boom in the world reminds him of the dotcom era in the late 90s. He added that the current AI boom in the stock market will be short-lived, pointing to accelerated inflation and low-rate stocks.

Gundlach predicted a recession was likely to hit the U.S. within a matter of months.

Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.

As the Fed’s rate hikes are expected to continue, the odds of a recession this year are rising. Amid lingering macroeconomic headwinds, fundamentally weak stocks Aurora (AUR), Hut 8 (HUT), and AppHarvest (APPH) might be best avoided. These stocks look overvalued at their current prices. Keep reading.

The DoubleLine CEO predicted a recession is just months away.

“‘How bad is the recession going to be?’ It doesn’t matter. As long as we’re going into a recession, you have to have a certain degree of protection,” he told Yahoo Finance.

A majority of Benzinga readers, 63.5%, expect the S&P 500 to hit a new low in September, according to a recent survey. More than 36% say it won't.

This article was originally published on June 15, 2022. Bitcoin (CRYPTO: BTC) has fallen more than 50% since the start of the year and one investor says he wouldn't be surprised to see it cut in half again.

Melissa Francis is joined by Cathie Wood, CEO of ARK Investment Management, to discuss her views on Twitter, Tesla, and disruptive innovation.