#MarketSentimentToday Business leaders are sounding the alarm over the potential fallout from Trump tariffs. BlackRock CEO Larry Fink said Monday that "Most CEOs I talk to would say we are probably in a recession right now." JPMorgan Chase CEO Jamie Dimon, in his annual shareholder letter Monday, wrote that tariffs are likely to cause "inflationary outcomes" and "will slow down growth" of an "already weakening" economy. And Home Depot co-founder Ken Langone, a megadonor to the Republican Party, called the 46% import duties on Vietnam "bulls---."

DoubleLine Capital CEO Jeffrey Gundlach said on CNBC's "Closing Bell" Monday that he's concerned over the lack of bounce in the market, and would hold cash until the S&P 500 hits a "sustained bottom." Here's where Gundlach thinks the S&P 500 could end up before it starts to rise again.