'Bond King' Jeffrey Gundlach says Bernie Sanders is the biggest risk to financial markets in 2020
DoubleLine CEO Jeffrey Gundlach said Bernie Sanders is the odds-on favorite to win the Democratic nomination in the 2020 presidential election, and the markets are not prepared for it.
For his markets predictions, Gundlach said his highest conviction idea is that the dollar will weaken. Gundlach said in an investor webcast on Tuesday that the biggest risk to the markets in 2020 is Sanders becoming "more believed in as a real force" that investors will have to take more seriously. "Elizabeth Warren never rose to that," Gundlach said.
"Bernie is stronger than people think," Gundlach said. "I think it will be taken more seriously as the field winnows. The financial markets broadly will have to deal with the fact that there could be a scare that Bernie Sanders is starting to become a plausible candidate for the nomination."
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