- Aug 21, 2009
- Reaction score
- Political Leaning
Bond guru Jeff Gundlach trusts his instincts when it comes to his investments. Now he has a prediction about the presidential race: Donald Trump will win.
The CEO of DoubleLine, which manages $84 billion for clients, told CNBC he's apolitical but said, "I think it's important for investors to deal with reality."
Another reality will likely be that Trump will have a very large deficit while in the Oval Office, Gundlach added.
"He's very comfortable with debt. We know that about Donald Trump," he said in an interview with "Closing Bell" from the Sohn Investment Conference Wednesday.
Anyone who studies the the securities markets knows who this guy is. He's been very prescient when it comes to macro events that affect the debt markets. Of course, it's just his opinion, one he first voiced earlier this year before the Primary Season began, but he reiterated it today.