DoubleLine's Gundlach: High-yield market flashing 'yellow' on recession

NEW YORK, Jan 8 (Reuters) - Jeffrey Gundlach, chief executive of Doubleline Capital, said on Tuesday that the high-yield "junk" bond market, which has been a leading indicator of recessions, is flashing "yellow now."

Gundlach, who oversees more than $121 billion of assets under management, said on an investor webcast that the signal "may be...a false positive," but "this is something we're going to have to watch very carefully." (Reporting by Jennifer Ablan and Trevor Hunnicutt Editing by Leslie Adler)