Name: Donald Trump will win re-election, and a revolution is coming, billionaire investor predicts
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Donald Trump will win re-election, and a revolution is coming, billionaire investor predicts

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‘When I said that I think Trump is going to win in 2016, I also said that, if you think 2016 is weird, just wait for 2020. Well, if you think 2020 is weird, just wait until 2024. You ain’t seen nothing yet.’That’s “Bond King” billionaire and DoubleLine Capital boss Jeffrey Gundlach striking an ominous tone in comments he reportedly made this week at Schwab’s 2020 IMPACT conference, Gundlach was as saying that he expects widening economic inequality to bring about some sort of revolution by 2027, with the 2024 presidential election directly in the path of massive social, economic and political change.For now, Gundlach, in contrast to what the polls are showing, believes, just as he did back in 2016, that next week’s election will go Trump’s way. “Mind you, my conviction is way lower than it was four years ago,” he explained. “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.” And while some would say Trump’s re-election poses a risk to markets and global stability, Gundlach sees it differently. “You might dislike Trump or some of his policies, but risk is not what you’re getting with him, particularly compared to turning the presidency over to another party, and particularly when that party’s candidate isn’t saying what some of his policy positions are,” he said. Gundlach added that his point of view doesn’t come from partisanship. “I don’t have a Republican voice. I actually don’t like the Republicans, and I don’t like the Democrats,” he said. “I used to be a Democrat, and I’ve voted for Republicans, but I simply don’t like the influence peddling that both parties do. They’ve really turned into the same party in terms of their sources of money.” Earlier this month, Gundlach told investors that it’d be a good idea to avoid the stock market because it was poised to “crack pretty hard,” particularly in the U.S. “I actually think owning 25% gold&nbsp;isn’t crazy right now. Nor do I think owning 25% cash&nbsp;is crazy,” he said. Well, stocks certainly cracked hard in Wednesday’s session, with the Dow Jones Industrial Averagedown almost 800 points. The S&amp;P 500and the tech-heavy Nasdaq Compositewere also firmly lower.It might become the most important company over the next 10 years.SearchVisit a quote page and your recently viewed tickers will be displayed here.Search TickersNo results found

‘When I said that I think Trump is going to win in 2016, I also said that, if you think 2016 is weird, just wait for 2020. Well, if you think 2020 is weird, just wait until 2024. You ain’t seen nothing yet.’That’s “Bond King” billionaire and DoubleLine Capital boss Jeffrey Gundlach striking an ominous tone in comments he reportedly made this week at Schwab’s 2020 IMPACT conference, Gundlach was as saying that he expects widening economic inequality to bring about some sort of revolution by 2027, with the 2024 presidential election directly in the path of massive social, economic and...

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Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

https://www.marketwatch.com/author/shawn-langlois?mod=MW_author_byline

Shawn Langlois

MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp. Notable contributors include Mark Hulbert and Francine McKenna.

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Donald Trump will win re-election, and a revolution is coming, billionaire investor predicts

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