There's a 75% chance of recession this year, and a firing frenzy is looming, Jeffrey Gundlach says

The S&P 500 seems like a bad bet now, and the so-called Magnificent Seven stocks are likely to trail the wider market, Jeffrey Gundlach warned during a recent public webcast. The billionaire investor and DoubleLine Capital CEO also pegged the probability of a recession this year at 75%, struck a bearish note on the dollar...