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Gundlach is set to make a killing as market ‘fear gauge’ soars to Election Day high

You’ve got to give the bond guru props.

DoubleLine Capital’s Jeff Gundlach earlier in the week laid out the merits of a bet that gauges measuring stock-market volatility would soon spike and that he would be the beneficiary of rising levels.

He explained the broad strokes of his trade on CNBC in such a deliberate, dispassionate and straightforward manner that he might instead have been explaining the mechanics of changing a lightbulb.

For good measure, Gundlach said that levels of volatility need not jump to gobsmacking levels to deliver him a handsome payday.

Read: Why Gundlach says ‘coiling’ markets could spark a volatility surge

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