DoubleLine's Gundlach: Weakness showing up in US economic indicators, tariffs - a looming threat

In a regular conference call later-Tuesday, Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine, which manages $120 billion, expressed some concerns over the US economic growth prospects.

Key Headlines:

Weakness showing up in the indicators.

US GDP growth appears to be based 'exclusively' on government, corporate and mortgage debt.

Could have a USD 4 tln deficit if the recession is steep enough.

Atlanta Fed GDP-Now forecast is down around 1.6%.

Expects to see negative signs on stock markets later this year.

Tariffs a looming threat over the economic picture.

Volatility in stocks and bonds could double.