[ad_1]
Five days remain until the US presidential elections. Most current polls show Democratic presidential candidate Biden is more likely to defeat Trump, but “new debt king” Jeffrey Gundlach once predicted Trump in 2016. Elected, this week he again asserted that Trump will win reelection.
MarketWatch reported that Gundlach said Wednesday: “When I predicted that Trump would win the election in 2016, I said, if you think 2016 is strange, wait until 2020! If you still think 2020 is strange.” Then wait until 2024. You haven’t actually seen anything. “
So far, in most polls, Biden is consistently leading Trump and is expected to become the new owner of the White House.
But Gundlach said: “My confidence in the polls is much lower than it was 4 years ago. At the time, Trump was just an asterisk in the betting odds and I predicted he would win.”
Gundlach noted that next week’s general election will be repeated in 2016 and predicted that Trump will win re-election. In addition, he analyzed that the current polls are all packaged and designed, and Trump voters are reluctant to contact voting agencies and the media because they are concerned about retaliation for their political beliefs.
Although some would argue that Trump’s reelection poses a risk to the market and global stability, Gundlach takes a different view. He said: “They may not like Trump or his policies, but these risks are not a big problem for investors, especially when the party rotation and another candidate (Biden) have not expressed their political stance.”
Gundlach added that his views are not based on partisanship, in fact, he does not like the Democratic and Republican parties.
He emphasized that the market is more concerned about uncertainty and Trump brings more certainty than Biden. If Biden wins the election and cancels the corporate tax cuts introduced by Trump in 2017, the valuation of US stocks will rise dramatically, but earnings will fall dramatically, meaning that stock prices will fall and interest rates will drop. volatility and inflation will also increase.
Earlier, Gundlach reminded investors to avoid the stock market, because the US stock market may crash. The massacre of the US stock market on Tuesday. The Dow Jones Industrial Average fell 943.24 points (or 3.43%) to close at 26,519.95 points; the S&P 500 index fell 119.65 points (or 3.53%) to close at 3,271.03 points; the Nasdaq index fell sharply. 426.48 points (or 3.73%), to close at 1,1004.87 points.
(Zhongshi News Network)
[ad_2]
