Economic headwinds building and recession will arrive in a few months: DoubleLine's Jeffrey Gundlach

Jeffrey Gundlach, DoubleLine Capital CEO, joins CNBC's "Closing Bell" to discuss the ongoing banking crisis and his forecasts for the economy and stock market.

[raynoldgrey]

My main concern is how to survive all of these financial and political crises, especially in light of the US political power struggle.

[dianarabbanii]

Recessions are where millionaires are created. I feel for the older generation, but you should do everything possible to double and triple your investments if you are young or middle age.

[viviangall]

In parallel with escalation in the recent years, the recession is now the 'most likely output for the economy' and i cannot imagine being a victim of circumstances, my portfolio got a big hit, holding it further wont be any good, ive heard of people acquring hundreds of thousand even on red seasons, how can I certify this?

[chuckjones]

When Gundlach is on CNBC I drop everything to watch; he can talk circles around the CNBC shills. His brilliance cannot be overstated.

[Erikkurilla]

During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?.

[bobbymainz]

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does.

[tonylotito]

Gundlach a stud on the where we are with the economy and what the Fed may do going forward. He's nailed it for the past three years.

[frederickchandler]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during the crash, for stock holders what are the best stocks to buy now or put on a watchlist?

[Harperrr.]

Yeah markets haven't been deeming the Fed's guidance that they will maintain high rates regardless of swelling debt costs in order to control inflation as credible. I woulld underweight stocks for a little as the market begins to correct because honestly I still think stock prices are massively inflated at the moment. I have approximately $550k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[janosik]

From my point of view. we are in recession since last year.. Rates increase on home loans is when it started.

[Slimecrazy]

The banks lend out at 5-6% interest and pay depositors 0.5%, they deserve the flight in deposits.

[lucianoboccedi]

The stock market rally run is over but I don't kFnow if stocks will quickly rebound, continue to pull back or move sideways for a few weeks, or if conditions will rapidly deteriorate.I am under pressure to grow my reserve of $250k.

[ericsondavid]

*The Fed will acknowledge that they were late to the game, that inflation has been more persistent than they were expecting. So they probably should have tightened sooner, Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks. Well, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?*

[MemeBaby-dkpl]

Given the current state of the economy, I've noticed that my portfolio has been stagnant this year despite having invested in good companies. I have a reserve of approximately $700k that I'd like to see grow. Does anyone have any suggestions for how I can adjust my investment strategy in light of the recession to improve my portfolio's performance? I appreciate any insights or advice you can share.

[loh]

Did we print money to bail out banks or we still doing quantitative tightening?

[Patriciacraig]

I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?

[johnlennon]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

[jackjhmc]

what was his record for calling recession? I think he said the same thing last year?

[DENNIS-eyzw]

WOW 😮 Anyone noticed the strong buy rating on EYPT ?😮

[mattp]

There was a suicide at Gunlachs Buffalo, NY house recently. So sad.