The bond investor believes that Sanders is 'most likely' to win the Democratic nomination.
Bond investor Jeffrey Gundlach, the CEO of $149 billion DoubleLine Capital, believes the “biggest risk” for markets in 2020 is Democratic presidential contender Bernie Sanders.
Massachusetts Democrat Elizabeth Warren “never rose to that. I was always asked, 'When’s the market going to take Elizabeth Warren seriously?' I said, 'Never, because she’s never going to really have a chance.'” ‘Authentic’ candidateA few years ago, the 60-year-old billionaire investor gained some notoriety for accurately predicting that Trump would win the 2016 election, before the primaries had concluded.
Story continues“I seriously do not believe Joe Biden is going to win the nomination. And, so that leads one into a conundrum because Joe Biden seems to be winning on Predictit,” Gundlach said. He noted that Sanders has made progress in the prediction markets, while almost all other candidates have declined. According to Gundlach, the outcome of the 2020 election would depend “very largely on the economy.
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