Richard Drew | AP7:28 am: Gundlach says it's 'ludicrous' to think US won't enter a recessionwill enter a recession this year. The "Bond King" said that last week his odds stood at 80%, but that as the coronavirus outbreak continues to halt travel and shutter businesses worldwide, he now places the odds at 90%. Still, Gundlach added that he was incrementally less negative on the market's outlook given the magnitude of the federal government's response.
"We all know that the stock market is down a lot. We know the junk bond market's down a lot. ... Will the market snap back? Of course it will." —, reaching their so-called limit down level, indicating declines of about 5% for the major averages. Dow Jones Industrial Average futures were down 821 points, indicating a loss of 1,031 points at the open. S&P 500 and Nasdaq 100 futures were also at their downside limit.
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Stock market live updates: Futures hit 'limit down,' ETFs point to massive losses at the open“Markets should continue to function through times like this,” SEC Chair Jay Clayton says. He adds that “health and safety is paramount.” The market should wash its hands and social distance if it doesn’t want to spread the virus. Hopefully they will halt the markets for next few weeks with this fake hysteria, The WS white collar Taliban and their Russian programmed algos gone wild, while retiree investments are getting wiped out, I warned algos were national national security threat years ago.. JoeSquawk Why does CNBC always bring Navarro on the show? He doesn’t answer any questions, all you get is campaign rhetoric
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