Jeffrey Gundlach said he thinks Donald Trump will win reelection because polls showing otherwise don’t reflect the true support for the president.
“Will Joe Biden beat Donald Trump in November? I don’t think so,” Gundlach, chief investment officer for DoubleLine Capital, said during a webcast Tuesday for his company’s closed-end funds. “I’d bet against that. I think the polls are very, very squishy because of the highly toxic political environment in which we live.”
On Biden’s choice of Sen. Kamala Harris as his running mate, Gundlach said she is “a little too charismatic.”
“I don’t think it’s a good pick,” he said. “She might be a little bit dominant with her personality.”
Gundlach said that much can happen between now and Election Day. “I think there’s a lot of time here, there’s going to be a lot of twists and turns.”
Gundlach, who predicted Trump’s win in 2016, has criticized Biden’s electoral chances -- and those of other Democratic candidates. In January, he said he didn’t think Biden would win the Democratic nomination and in March he called him “unelectable.”
Other highlights from the presentation:
[More: Rising rates may lead to Fed yield-curve control, Gundlach says]
With targeted "comfort calls" and strategically automated follow-ups, advisors who leverage their CRM systems effectively can show up when clients need them most.
The plan could offer $24,000 in relief for some taxpayers, but experts warn of consequences.
"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.
Commentary from state-owned publication blasts sale to investor consortium as "spineless groveling," denting Hong Kong-based firm's stock.
Higher interest rates and a strong US dollar, which traditionally act as headwinds, haven't deterred market-stung investors from seeking refuge in the yellow metal.
In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'
Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies