Stanley Druckenmiller is on CNBC at the moment saying he doesn’t have a strong opinion on the direction of the market but with innovation surging he said it’s time to focus on individual stocks.
- The economy is ‘very interesting’
- We’re going from the most anti-business administration to the opposite
- CEO’s are somewhere between ‘relieved and giddy’
- The economy looks very, very strong at least for the next six months
- I would say the market is ‘complicated’ despite economy
- There is a push of a strong economy against bond yields that makes me not have a strong opinion on the market
More to come.
- Says he’s still short Treasuries. Says it’s likely ‘7th inning’ in bond shorts
- Says fiscal situation is ‘horrendous’
- We’re not expecting lower inflation
- The US will need to turn to consumption tax (tariffs) or income taxes
- Private savings in the US are also far too low
- Thinks 10% range of tariffs limits retaliation
This article was written by Adam Button at www.forexlive.com.
