Gundlach predicts Trump will win

Gundlach predicts Trump will win
DoubleLine Capital exec criticizes Sen. Harris as 'a little too charismatic'
AUG 12, 2020
By  Bloomberg

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]

Latest News

Financial advisors, what is your volatility game plan for client management?
Financial advisors, what is your volatility game plan for client management?

With targeted "comfort calls" and strategically automated follow-ups, advisors who leverage their CRM systems effectively can show up when clients need them most.

Trump eyes no taxes for Americans making less than $150k, says Lutnick
Trump eyes no taxes for Americans making less than $150k, says Lutnick

The plan could offer $24,000 in relief for some taxpayers, but experts warn of consequences.

No new trial for convicted GPB Capital executives
No new trial for convicted GPB Capital executives

"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.

BlackRock-led deal for Panama Ports draws ire from China
BlackRock-led deal for Panama Ports draws ire from China

Commentary from state-owned publication blasts sale to investor consortium as "spineless groveling," denting Hong Kong-based firm's stock.

Gold soars past $3,000 as Trump turbocharges record rally
Gold soars past $3,000 as Trump turbocharges record rally

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.

SPONSORED Beyond the all-in-one: Why specialization is key in wealth tech

In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies