DoubleLine's Gundlach sees more risk coming along with greater chance of recession
1. Jeffrey Gundlach warns of increased volatility and recession risk ahead. 2. Recent market correction saw S&P 500 drop 10%, now 8% below all-time high. 3. Gundlach sees 50-60% chance of recession in coming quarters, higher than many believe. 4. U.S. Federal Reserve downgraded growth outlook, raised inflation concerns. 5. Investors advised to diversify portfolio away from U.S. securities into European markets.