Jeff Gundlach Says Prepare for Debt-Fueled Trump Presidency
- Trump's promises on immigration, jobs means debt to rise
- Manager recommends buying mortgage REITs, shorting utilities
Gundlach Warns of Debt in a Donald Trump Presidency
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Jeffrey Gundlach, chief investment officer of DoubleLine Capital, told attendees at the Sohn Investment Conference to prepare for a Donald Trump presidency.
“What’s going to happen is you’re going to get a Reagan response with Donald Trump," Gundlach told the New York crowd. “He promises a wall, he promises to bring jobs back, and he promises a lot of infrastructure spending. Let’s face it: Trump is extremely comfortable with debt."