Jeff Gundlach forecasts 60% chance of U.S. recession

Jeff Gundlach, in a recent presentation, estimates a 60% chance of a U.S. recession this year. He notes that U.S. stocks are overvalued, while European stocks have performed unusually well in early 2025. Gundlach predicts gold prices could reach $4,000. He also states that the copper-gold ratio is no longer a reliable indicator for 10-year Treasury yields, suggesting crude oil prices are now more relevant. The Treasury yield curve's de-inversion indicates rising recession risks. Gundlach commented on the vulnerability of momentum stocks, stating that no sector is immune to market changes.