The Tell: ‘Calamity’ may be coming, stock-market setup similar to 1999: Jeffrey Gundlach


 A “calamity” may be coming for markets, potentially in 2023, Jeffrey Gundlach, chief executive officer and chief investment officer of DoubleLine, warned Tuesday on stage at the Exchange ETF conference in Miami. 

The Treasury market’s yield curve is signaling “trouble ahead,” Gundlach said, referring to the recent inversion of 2-year BX:TMUBMUSD02Yand 10-year yields BX:TMUBMUSD10Y, which historically has preceded a recession. The setup in the stock market is “very similar” to the one seen in the fourth quarter in 1999, he…

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