Jeffrey Gundlach, the founder and chief executive of DoubleLine Capital, on Thursday predicted a Donald Trump presidency, arguing that Hillary Clinton will evolve into “an unacceptable choice” once the media focuses more attention on her.
Mr. Gundlach, dubbed by Barron’s as the “King of Bonds,” said Mr. Trump, the presumptive Republican presidential nominee, has been underestimated for months but is the “better campaigner.”
“People are going to start putting greater focus on Hillary. Voters are going to say, ’No. I don’t want this,’” he told Reuters. “Hillary is going to evolve into an unacceptable choice. If she is such a great candidate, how come [Sen. Bernard Sanders] is beating her?”
Mr. Gundlach said last week that while he remains apolitical, he predicts Mr. Trump will take the White House.
“I think it’s important for investors to deal with reality,” he said.
Mr. Gundlach argued that Mr. Trump has the skills necessary to tackle the deficit he may inherit as president.
“He’s very comfortable with debt. We know that about Donald Trump,” he said. “Reagan was a debt-based economic guy and I think Trump will be.”
• Jessica Chasmar can be reached at jchasmar@washingtontimes.com.
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