Stanley Druckenmiller said he's been 'humbled' by market comeback, underestimated the Fed

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Stanley Druckenmiller said the market's strong performance over the last three weeks has "humbled" him and that he underestimated the power of the Federal Reserve.

Stanley Druckenmiller

"Well I've been humbled many times in my career, and I'm sure I'll be many times in the future. And the last three weeks certainly fits that category," he told "Squawk Box" Monday morning. "The risk-reward for equity is maybe as bad as I've seen it in my career," Druckemiller said on May 12. "The wild card here is the Fed can always step up their purchases." The S&P 500 is up more than 11% since his comments in May.

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more humbled by this recession that's coming?

It is in his name...

None of u have retweets cuz ur on GLUE ...

Can't tweet got completely FB if I enter a letter it is overrided

We've been here before.

Everything under Trump is fake and rigged, just like his business. Why he refused to show his tax return

He’s not alone in missing the stock rebound, KeithMcCullough biancoresearch DiMartinoBooth, all 3 I have big time respect for did too, but they may of course be correct soon

Hats off to Fed for doing a fantastic job.

Trump insiders love it! Hit a high, sell; drop the market, buy; rinse and repeat. Nice to know when the ups and downs are coming, especially when trump’s going to drop a bomb, either way. Trump’s day traders!

Do people in the market really believe it’s on solid ground? In spite of, or because of, trump? I say because of. Only because trump will do whatever he can to keep it up and rising until the election. Trillions and trillions! Unjustified, unearned records.

AYA analytic report on the U.S. top tech titans Facebook, Apple, Microsoft, Google, and Amazon (FAMGA) Summer 2020

Sit down. It’s only for the rich.

Missing on GAINS is HUMBLING?👀🤔🤠🤪🤣🤣🤣🤣🤣🤣 🤡 ES_F $SPX $SPXU

Wait.

Trump was right... 😬🤦‍♂️

Good moment to publish these type of notes when the FED is decreasing it daily power purchase to only 20 billions/ week from 500 billions/week on March.

wicked fast, guys.

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