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Billionaire bond investor Jeffrey Gundlach, who accurately predicted Donald Trump's presidency in early 2016 before the Republican primaries concluded, believes the president will win re-election. "My base case is actually that Donald Trump will win re-election," Gundlach said during a Q&A on a webcast for his firm DoubleLine Capital's closed-end funds on Tuesday afternoon. The 60-year-old billionaire said he'd "bet against" former Vice President Joe Biden defeating Trump in November. "I think polls are very, very squishy right now because of the highly toxic political environment in which we live," Gundlach said. Gundlach said he’s come across data suggesting that...

Billionaire bond fund manager Jeffrey Gundlach believes the polls are wrong and that President Trump will win a second term in the White House. “Will Joe Biden beat Donald Trump in November? I don’t think so,” Gundlach, CEO and chief investment officer of Los Angeles-based DoubleLine Capital, which has $148 billion in assets under management, said in a webcast on Tuesday evening, according to Bloomberg. He added that a “highly toxic political environment” makes the polls “very, very squishy.” A RealClear Politics average of national polls showed Biden, who was vice president in former President Barack Obama’s administration, leading by...

Billionaire bond investor Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital, sees the potential for a "wave of more higher-end unemployment' hitting white-collar workers making more than $100,000 per year as employers increasingly question the value these employees bring. In 11 weeks, more than 42 million Americans filed for unemployment insurance as the COVID-19 pandemic wrecked the economy. The bulk of these job losses hit lower-income households the hardest. "A lot of times it's not the earthquake, it's the fire," Gundlach said on a webcast for the DoubleLine Total Return Bond Fund (DBLTX), later adding that he could "easily...

“Bond King” and DoubleLine Capital CEO Jeffrey Gundlach said Thursday that he believes the Federal Reserve panicked in cutting interest rates earlier this week and that short-term U.S. rates are headed for zero. “If we look at history, once the Fed does a panic, inter-meeting rate cut, particularly when it’s 50 basis points ... they typically cut pretty quickly again,” Gundlach said. “I’m in the camp that the Fed is going to cut rates again, perhaps even in two weeks” during its regularly scheduled meeting.

The so-called "Bond King” Jeffrey Gundlach gave FOX Business a very bold prediction for the 2020 presidential race, suggesting there’s a possibility President Trump may not even run for re-election. “I am not even sure he’s going to really run,” Gundlach, the DoubleLine Capital co-founder and CEO, said during an exclusive interview with Neil Cavuto on Wednesday. Gundlach added the president’s second term will be determined by the success of the U.S. economy. “If the economy goes into recession and he can’t pullout by removing the tariffs, there’s very little for him to run on,” he said. Trump launched his...

DoubleLine CEO Jeffrey Gundlach warned investors Tuesday that the U.S. is unequipped for recession as it becomes increasingly strapped by debt. “Any thoughtful person would be concerned,” the so-called “bond king” said in a webcast. “It’s sounding like a pretty bad cocktail of economic risk, and risk to the long end of the bond market.” The billionaire investor said the United States is “out of tools” to gin up the economy during the next recession. He pointed to the Federal Reserve’s decision to leave interest rates steady and a dovish turnaround that boosted stocks this year. The Fed signaled it...

U.S. debt has climbed to an alarming level, according to DoubleLine Capital CEO Jeffrey Gundlach. “People are starting to realize that the deficit and debt are totally out of control,” Gundlach said on CNBC’s “Halftime Report” Tuesday. Guldach said the “main reason” the yield curve between 3-year Treasury bonds and 5-year bonds is steepening is a ballooning deficit. Gundlach — sometimes known as the “bond king” — runs the $50 billion DoubleLine Total Return Bond Fund. Its five-year performance is one of the best in its category, but lagged most of its peers in 2019 with a gain of just...

Sam Ro January 3, 2015January 2015 is looking a lot like January 2014. The US economy has been improving, the unemployment rate has been coming down, and the Federal Reserve has been increasingly prepping the world for tighter monetary policy. For most bond market experts, all that means US interest rates are going to head up, especially considering the fact that rates have been falling for three decades. But Jeff Gundlach is not like most bond market experts. A year ago this month, Gundlach, the head of DoubleLine Funds, went contrarian and correctly predict rates would fall. In a new...

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."

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."In fact, he said the presumptive Republican presidential nominee is just like another man many in the GOP idolize: former President Ronald Reagan. "Reagan was a debt-based economic guy and I think Trump will be," Gundlach noted. "It will probably look like it's working at first. The question is,...

“Bond King” and DoubleLine Capital founder and CEO Jeffrey Gundlach is a Donald Trump fan who predicted the reality TV star’s 2016 presidential election victory a year in advance. Gundlach is known for making audacious predictions (and there’s a big one coming later in this story about a certain 2016 candidate), but he said he just had a feeling Trump would win the highest office in the land. “The first time I publicly predicted Trump would win was in the Barron’s roundtable, which was the first Monday in January 2016,” Gundlach said in a recent interview with Intelligencer. “And Trump...

Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of "old school" sequential interest rate hikes until "something breaks," such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles-based DoubleLine, said U.S. economic data support a rate increase as soon as the next Fed policy meeting on March 14-15, and further rises this year, after a series of false starts in 2015 and 2016. "Confidence in the Fed has really changed a lot," Gundlach said on an investor webcast. "The Fed has...

Not only will Donald Trump win the November election, but his victory will propel U.S. economic growth higher, according to Jeffrey Gundlach. Trump will fuel a debt-driven increase in government spending, which Gundlach said will push GDP growth to levels reminiscent of the Ronald Reagan era. Gundlach did not endorse Trump or say whether he would vote for him. Gundlach spoke to investors on June 14 to provide updates on the DoubleLine Total Return Fund (DBLTX). He is the founder and chief investment officer of Los Angeles-based DoubleLine Capital, known for its fixed-income mutual funds, closed-end funds and ETFs. Copies...

Curve Watchers Anonymous has its eyes on the bond market as the quarter comes to a close today. It's been a very bad stretch for US treasuries as the chart below shows. Yield Curve as of 2013-06-28   click on chart for sharper image   $TYX: 30-Year Long Bond Yield - Green $TNX: 10-Year Treasury Note - Orange $FVX: 05-Year Treasury Note - Blue $IRX: 03-Mnth Treasury Bill - Brown The above chart shows the monthly close for the treasury symbols, except the current month is month to date (with the close coming up today). $TNX Daily That last candle is...

The All-Important Question, Are Major Economies in Recovery? Economics / Global Economy May 15, 2012 - 04:58 PM By: David Galland David Galland, Casey Research writes: For pretty much everyone, no matter where they are located in the economic strata, few if any questions are more germane to making plans for the future than whether the US and other major global economies are in recovery. Getting the answer to that question right is of special importance to investors and businesses. Stating the obvious, if the broader economy really is in recovery, then investors would be well served by investing in...

Well-known economist Roubini announced Wednesday that there may be $100 billion of municipal-bond defaults over the next five years. His comments echo analyst Meredith Whitney's claim that there will be an enormous wave of defaults. "Roubini seems to use more of a doomsday production," said Matt Fabian, managing director of Municipal Market Advisors at The Bloomberg Insurance Portfolio Strategies Conference. "If you are going to make a prediction, be conservative. In terms of defaults, we have seen very few in the market and these have been smaller transactions." Terry Goode, head of tax-exempt research and municipal fixed income at Wells...

Presumptive GOP nominee Donald Trump is going to be the next president of the United States, and the immediate aftermath will be "pretty scary," according to Jeffrey Gundlach, the chief executive officer at DoubleLine Capital. Gundlach, speaking with CNBC on Friday emphasized that he does not support political candidates, but his analysis leads him to believe Trump — who lags presumptive Democratic nominee Hillary Clinton in recent national polls — will win the White House. "[People] are looking for change, and I think Trump is going to win on the basis of that," Gundlach said. "And he will be quite...

Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, foresees a “global growth scare” between now and the end of the summer, triggered by a presidential nomination of Donald Trump. “That is where I see the vulnerabilities,” Gundlach said in a telephone interview on Monday. Trump’s protectionist policies could mean negative global growth, Gundlach warned. “As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management.”