President Trump will WIN the 2020 Election. That’s according to “Bond King” Jeffrey Gundlach.
He’s a billionaire fund manager who accurately predicted Trump’s triumph over Clinton in 2016.
Billionaires like Gundlach are getting rich using this little-known loophole. And it allows them to BUY private companies – right before they go public.
Gundlach is the CEO of DoubleLine Capital – the world’s largest bond manager with $141 billion in assets.
“The polls right now say he isn’t going to win, but they said that four years ago. Mind you, my conviction is way lower than it was four years ago. But back in [that period], when Trump was little more than an asterisk in the betting odds, I predicted he was going to win. This one is much more murky, but in my eyes, it favors a Trump win,” explained Gundlach.
Gundlach’s big prediction is in contrast with national polls that give Biden an 8-point lead.
Just like 2016, Gundlach says the polls can’t be relied upon. That’s because many Trump voters don’t trust the media or the pollsters. And that means they’re unwilling to participate and share their views.
Gundlach also expects that the Republicans will maintain control of the U.S. Senate.
What does the 2020 Presidential Election mean for the stock market?
Everyone knows that the markets DISLIKE uncertainty. And the stock market likely sees less risk with Trump remaining in the White House for another four years.
“Markets don’t like uncertainty, and with Trump, I think you have more certainty. With Biden, you have peak uncertainty because there’s been very little information given to the public,” explained Gundlach.
Regardless of who wins in 2020 . . .
Gundlach thinks that the stock market will crash again within 18 months. And he says U.S. stocks could be the worst-performing market in the world.
The U.S. economy is currently extremely weak. And he warns that the economy desperately needs another stimulus package.
That’s why Gundlach is managing his portfolio with just a 25% allocation to stocks. He’s also recommending a 25% allocation to gold and the balance in bonds and cash.
Of course, Jeffrey Gundlach is already worth $2.2 billion. So, he can take an extremely conservative approach with his investments.
Meanwhile, other billionaires including Warren Buffett, Bill Gates, Jeff Bezos and Peter Thiel are placing big bets on new tech stocks. That’s why they’re investing hundreds of millions in new companies – right before they go public in an initial public offering or IPO.
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Happy Election Day!