DoubleLine Capital CEO Jeffrey Gundlach, who predicted Donald Trump would win the election in 2016, said Tuesday that “Bernie Sanders is most likely to win the Democratic nomination.”
He noted cautiously that there’s “a lot of potential volatility building in 2020, especially due to election uncertainty.”
Speaking during his “Just Markets” webcast for 2020, Gundlach reminded participants that many felt there was “no way Trump could win the Republican nomination in 2016.”
What makes Sanders stronger than some election watchers think? “Bernie is authentic. You might not like his policies, but he doesn’t waver,” the fixed-income specialist explained.
Sanders “is making progress” as tracked by @PredictIt betting odds, he added. The website has Joe Biden at 41 cents and Sanders at 30 cents.
“The vilification of billionaires is a prime theme in the Democratic primary. [Michael] Bloomberg won’t get nomination,” said Gundlach.