Jeffrey Gundlach Predicts Recession By Summer, Cites Parallels To Dot-Com And Housing Bubbles

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Benzinga

Renowned investor Jeffrey Gundlach has issued a stark warning, drawing parallels between the current market situation and the infamous dot-com and housing bubbles. He predicts that this “euphoria” will soon come to an end, leading to a recession by this summer. What Happened: Gundlach, CEO of DoubleLine Capital, pointed out the market’s resemblance to the dot-com bubble of 2000 and the housing bubble of 2008 in a recent interview with Pensions & Investments, reported Business Insider on Thursday. He highlighted the expanding market driven by momentum and grabbing, a phenomenon witnessed in the…

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