Having earlier in the week indicated his grave concern that a recession looms, signaled by Conference Board sentiment extremes...noting the spread between the Conference Board's current sentiment and expectations is the widest since March 2001, the first month of the U.S. recession that year. Which DoubleLine's CEO Jeff Gundlach warned... The bond guru told Reuters in an interview tonight that fragile equity markets forced Fed Chair Jerome Powell to pledge on Wednesday that the U.S. central bank will be patient with future interest rate hikes “He’s caving to the stock market. The stock market scared him,” in late ... (full story)