The so-called Bond King Jeffrey Gundlach gave FOX Business a very bold prediction for the presidential election in 2020, suggesting there is a possibility that President Trump may not even run for re-election.
"I'm not even sure he'll really run," said Gundlach, founder and CEO of DoubleLine Capital during an exclusive interview with Neil Cavuto on Wednesday.
Gundlach added the president's second term will be determined by the success of the US economy.
"If the economy goes into recession and he cannot pull out by removing the tariffs, it is very little for him to run on," he said.
Trump launched its 2020 election campaign Tuesday night before a packed audience at Orlando's Amway Center arena, the president reflected the economy during his administration as "the envy of the world."
"Our country is rising to incredible new heights," he said. envy, perhaps the largest economy we have had in our country's history, and as long as you keep this team in place ̵
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Gundlach said that as long as the economy does not fall, Trump will win re-election. But he warns, there is a chance that Trump could withdraw from the presidential election.
"Lyndon Johnson also ran for a while and pulled out because of the war problems," Gundlach said.