Gundlach's 5 Top Market, Economic Predictions for 2023 and Beyond

Although leading economic indicators have been "full-on recessionary" for at least a year, one hasn't materialized yet. But that doesn't mean we're in the clear, DoubleLine Capital CEO Jeffrey Gundlach said this week. The billionaire investor considers a downturn unlikely before the end of 2023 but anticipates a U.S. recession in the second quarter of 2024. Gundlach and DoubleLine portfolio manager Andrew Hsu, in a webcast Thursday, detailed several signs pointing to recession. While the U.S. consumer is resilient, cracks are starting to show, as credit card delinquencies and defaults are rising, Hsu noted. Gundlach reiterated that he has more than "nine figures" of his own money in the DoubleLine Total Return Bond Fund, which represents his largest holding. Check the gallery for five economic and market predictions from Gundlach and DoubleLine.