Jeffrey Gundlach, the co-founder and CEO of bond investing and trading powerhouse DoubleLine Capital, said that Trump has a history of being ”comfortable with a lot of debt and leverage,” and that won’t impede him from spending heavily, reports Reuters. He said he believes Trump’s pledge to spend heavily on the military makes defense stocks a good investment play.
This scenario would, by the way, also mean more price inflation and much higher interest rates, which means you should also buy gold and short the bond market---2 things that make sense to do now anyway.
-RW
Life insurance companies if rates are going up?
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