DoubleLine Capital's Gundlach: doesn't see a recession on the horizon

Jeffrey Gundlach, the head of DoubleLine Capital, is hitting the wires today with his outlook on the US economy and his expectations for commodities looking forward.

Key highlights

Global growth is certainly slowing, but doesn't see signs of a recession.

Rising deficits combined with rising rates is a "suicide mission".

Expects oil to lift into the $80-90 range despite rising supplies.

Is also bullish on specifically Gold, but on commodities in general.

 "I think it is excellent time - if you haven't been in emerging market bonds or high-yield bonds - to contemplate at least a partial shift based upon the level of the dollar and valuation."