Gundlach Says Trump Wouldn’t Quit Unless Support Fell Below 20%
- Likelihood of such low popularity is not ‘very high odds’
- DoubleLine CEO was among few to predict Trump’s election
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DoubleLine Capital Chief Executive Jeffrey Gundlach, one of the few money managers to predict the election of Donald Trump, says the president probably wouldn’t resign unless his popularity falls much further.
“I think Trump will not resign unless his favorability drops below 20, and that is not a very high odds outcome,” Gundlach, whose Los Angeles-based firm oversees about $111 billion, said Friday in an emailed response to questions.