In a recent public webcast, Jeffrey Gundlach, CEO of DoubleLine Capital and billionaire investor, expressed concerns about a potential recession and a downturn in the S&P 500. What Happened: Gundlach held a bearish stance on the market, indicating the S&P 500 is a less-than-ideal investment presently, Business Insider reported on Tuesday. The so-called Magnificent Seven stocks are expected to underperform compared to the broader market, according to his forecast. “Rich enough for sure is the S&P 500. We’ve retraced all the way back up to a double top. Almost exactly two years later, we’re basi…
