Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine Capital, in his latest tweet, warned of an incoming recession, as the US yield-curve inversion deepens.

He tweeted out, “The 2-year 10-year yield curve inversion is gaining steam. At 36 basis points right now. Rough road ahead.”

After the Fed raised the rates by 75 bps last week, Gundlach said the Fed is no longer behind the curve and that Chair Jerome Powell has restored his credibility.

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