Hedge Fund billionaire Stanley Druckenmiller cut his stock-market exposure to zero after President Donald Trump's May 5 tweet stating that tariffs on Chinese imports would be raised. Druckenmiller instead invested in US Treasurys, which are seen as a safe haven during times of economic stress. The 10-year yield fell from to 2.13% from 2.53% after Druckenmiller put on the trade. Visit MarketsInsider.com for more stories.
Hedge Fund billionaire Stanley Druckenmiller cut his stock-market exposure to zero after President Donald Trump's May 5 tweet stating that tariffs on Chinese imports would be raised. Druckenmiller instead invested in US Treasurys, which are seen as a safe haven during times of economic stress. The 10-year yield fell from to 2.13% from 2.53% after Druckenmiller put on the trade. Visit MarketsInsider.com for more stories.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks are tumbling on trade-war fears after China pledged to 'fight until the end''If they want to fight, we will fight until the end,' said China's defense minister. 'Bully us? No way.' China will be filling different in about 10 months when their food stores are empty from pig flu, bad harvests, etc. See if they want to negotiate for food during the winter then
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks slump after Trump expands trade war to MexicoThe IRS has proposed an update to the Form W-4 that it says will increase its accuracy and reduce its complexity. But experts caution that it will feel different to employees and may prove a bit more difficult for some. Remember when Obama weaponized the IRS against conservatives Does anyone think he didn't weaponize intelligence agencies against a Presidential candidate wrong link In other words, the trump train wreck is making the stock market awfully painful right now for investors, but now is a spectacular time to buy stocks bc they are less pricey. **cough NBEV cough**
Source: ABC - 🏆 471. / 51 Read more »
Oil rises on declining U.S. crude stocks, but trade war worries lingerOil prices rose on Thursday after an industry report showed a bigger-than-expect... We are on a economic rollercoaster ride. My IRA is flat & back where it was when Trump took office. Under Obama I had slow but steady sustained gains for 5 years.
Source: Reuters - 🏆 2. / 97 Read more »