Stanley Druckenmiller fears a recession but isn't betting against stocks. Here's why.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The former right-hand man of George Soros is going to the office but not doing anything.

Here’s one: “Currently, I’m going in every day, and I’m looking at my screen, but I’m pretty much taking a break.”

Granted, that’s not a woke 20-something but Stanley Druckenmiller, the 68-year-old investing legend who runs the Duquesne Family Office and managed money for George Soros. He has a reason for his inactivity. At the end of the first quarter, his top positions were South Korean online marketplace Coupang CPNG , Microsoft MSFT , miner Freeport-McMoRan FCX , Amazon.com AMZN and Chevron CVX , according to his 13-F filing. The Freeport-McMoRan and Chevron holdings fit with his comment that he has owned key commodities including oil, gold and copper this year, while betting against fixed income and stocks.

Netflix NFLX , Roblox RBLX , and eBay EBAY were among a host of internet stocks that Goldman Sachs has downgraded to sell. Netflix, eBay, and Frontdoor FTDR , which also was downgraded, each fell 4%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Because he’s not going to tell you his strategy

We’re already in a recession.

gold and silver 🚀🚀🚀🚀🚀🚀 $nfgc $ag $btg $fsm $ivpaf $kgc $tprff $golxf silversqeeze silvershortage Inflation Hyperinflation WW3 russia bankruncanada Ukraine oil miners

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines