A recent statement by former Vice President Joe Biden suggests the election is closer than polls are showing, according to billionaire bond fund manager Jeffrey Gundlach.
“There was a story on Bloomberg which I found fascinating: It was Joe Biden's warning Trump not to declare victory too early,” Gundlach, CEO and chief investment officer of Los Angeles-based DoubleLine Capital, which has $148 billion in assets under management, said on a conference call on Monday.
“That doesn't sound like a statement made by a confident politician with a comfortable lead in the polls,” he added. “What's he so worried about if he believes those polls? So it's a very strange statement for him to make. I think it's a tell that their internal polling isn't quite close to the mainstream polls, which are used to influence rather than to gauge the possibilities."