Gundlach views a US recession as highly likely, and ballooning government debt as a big problem.

The S&P 500 is in a precarious spot, and all signs point to a looming US recession, Jeffrey Gundlach says. The billionaire investor and DoubleLine Capital CEO noted in a public webcast on Tuesday that following the benchmark US stock index's 24% rally last year, it now trades around the same level...