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☆ Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet
▼ + stars: | 2024-11-18 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter — two bets that have been rallying since the election of President-elect Donald Trump two weeks ago. The regional banking exchange-traded fund has climbed 12% this month alone, while Natera has jumped nearly 26% in November. KRE YTD mountain SPDR S & P Regional Banking ETF The widely followed investor was recently applauded for his big win on key artificial intelligence player Nvidia . During the third quarter, Duquesne added a small bet on Broadcom, worth $41 million, as another AI play. Druckenmiller shot to fame after helping make a $10 billion bet against the British pound in 1992.

Persons: Stanley Druckenmiller, Donald Trump, George Soros, Duquesne, Banks, Trump, Natera, Druckenmiller, bullish, Jensen Organizations: Quantum Fund, Duquesne Family Office, Regional Banking, Trump, Republican, GOP, Representatives, Regional Banking ETF, Nvidia, Duquesne, Broadcom, Duquesne Capital Management

☆ Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
▼ + stars: | 2024-11-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap , Stripe and AirBnb . Lean Technologies' fundraising round also saw participation from Bain Capital Ventures, Stanley Druckenmiller's Duquesne Family Office, and Arbor Ventures, among others, bringing the Riyadh-based firm's total funding to over $100 million to date, according to a Sunday statement from the company. For three of those investors — General Catalyst, Stanley Druckenmiller and Bain Capital — this investment is their first in the kingdom. "If you look at the region's growth over the last three to five years, it's been phenomenal, but there is still so much more room for growth."

Persons: Catalyst, Stanley Druckenmiller's, Stanley Druckenmiller, Hisham Al, Falih, it's Organizations: Lean Technologies, Bain Capital Ventures, Stanley, Stanley Druckenmiller's Duquesne Family Office, Arbor Ventures, Bain Capital, CNBC Locations: Silicon, Saudi Arabia, U.S, Riyadh, Saudi

☆ Billionaire investor Stanley Druckenmiller says the Fed may have declared victory on inflation too early
▼ + stars: | 2024-11-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed may have declared inflation victory too early, Stanley Druckenmiller said. Inflation could could be bottoming right now, the billionaire investor told a Norges Bank podcast. "I'm a little worried that the Fed has declared victory too early," the billionaire investor said about consumer prices on a Norges Bank podcast. When inflation eases, the Fed lowers rates to make sure economic growth keeps up — and has justified its cuts given shifting labor prints. AdvertisementThough the podcast was recorded prior to the president-elect's victory, Druckenmiller cited that Trump's tariff plans are marginally inflationary.

Persons: Stanley Druckenmiller, —, Stanley Druckenmiller isn't, Druckenmiller, Donald Trump Organizations: Norges Bank, Service, Federal Reserve, Fed, Trump

☆ Who Wall Street thinks will win the election
▼ + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A survey of 119 investors found that 53% think former president Donald Trump will defeat Kamala Harris. Investors believe fossil fuel and industrial companies should do well under Trump, the survey said. AdvertisementMany of the bigwigs of finance have picked their sides, but Wall Street seems to believe one candidate has the upper hand in this year's presidential election. Betting markets have leaned toward former President Donald Trump, and the financial markets have already priced in a Trump win, according to billionaire investor Stan Druckenmiller. One of the world's most accurate economists, Christophe Barraud, for instance, is putting his credibility on the line for a Trump win.

Persons: Donald Trump, Kamala Harris, Stanley Druckenmiller, —, Stan Druckenmiller, Emmanuel Cau, Trump, SumZero, Divya Narendra, Ken Griffin, Griffin, Druckenmiller, Hillary Clinton, Elon Musk, Christophe Barraud Organizations: Investors, Trump, Republican, Service, Barclays London, Billionaire Citadel, Future Investment Initiative, Tesla Locations: Saudi Arabia, Riyadh

☆ This startup for traders raised $30 million from investors including Stanley Druckenmiller and Greg Coffey. Here's how it plans to transform how Wall Street analyzes data.
▼ + stars: | 2024-10-28 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.

Persons: —, Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo

☆ The one big fear that could upend the bull market
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A chain reaction sparked by continued inflation could put the bull market to rest, according to Trivariate Research. As the bull market enters its third year, investors are wondering how much more room there is to run before a pullback is due. Now, Fed funds futures are pricing in a more than 95% likelihood of another drop to the borrowing costs at the central bank's November gathering, according to CME's FedWatch tool. In 2021 and 2022, Parker said there was a "strong and statistically significant relationship" between Fed funds futures and the price-to-earnings multiple on growth stocks. Though that connection now looks different, the Morgan Stanley alum said he would be "surprised if multiples did not compress meaningfully" if the expectation for the Fed funds rate rises from 3.5% to 5% or above.

Persons: Adam Parker, Paul Tudor Jones, Stanley Druckenmiller, Parker, Morgan Stanley, Kamala Harris, Donald Trump, Tudor Jones, Dow Jones Organizations: Research, Federal Reserve, CNBC, Dow

☆ Insana: The market is on a hot streak, and these factors – not the election – are driving it
▼ + stars: | 2024-10-22 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Both have opined that the rally on Wall Street underscores a growing belief that former President Donald Trump will win on Nov. 5. However, I don't yet believe that Wall Street and Pennsylvania Avenue have intersected just yet. Indeed, if the stock market is anticipating a Trump victory, what might the bond market and gold market be telling us, assuming they expect the same outcome? Are those markets telling us a Trump victory would lead to higher inflation and bigger fiscal deficits? Those betting on a Trump win would be loath to say so if they follow the messages of multiple markets.

Persons: Stanley Druckenmiller, Dan Loeb, Donald Trump, Loeb, it's, Dow Jones, Kamala Harris, Trump, Ron Insana Organizations: Senate, Dow Jones, Nasdaq, Federal Reserve, Atlanta, Dow, Taiwan Semiconductor Manufacturing, Nvidia, European Central Bank, Trump, stoke, Democratic, Pennsylvania, CNBC Locations: U.S

☆ Billionaire investor Stanley Druckenmiller says he regrets selling his entire Nvidia stake, and is looking to buy again
▼ + stars: | 2024-10-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stanley Druckenmiller says selling Nvidia was a mistake. The billionaire investor sold his stake when he saw the stock's valuation as overextended. Druckenmiller today Bloomberg TV that he'd buy Nvidia again if the price falls. AdvertisementMonths after Stanley Druckenmiller offloaded his entire Nvidia stake, the billionaire investor says he regrets the decision. With his stake gone, Druckenmiller said he remains exposed to AI by investing in the infrastructure needed to power this technology.

Persons: Stanley Druckenmiller, —, I've, Druckenmiller Organizations: Nvidia, Bloomberg, Service, Duquesne Family Office Locations: Druckenmiller

☆ Bitcoin is on a tear as 'crypto president' Trump's betting-market odds climb
▼ + stars: | 2024-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Bitcoin has surged 12% as Trump's election odds in betting markets began rising in mid-September. Trump's crypto-friendly stance has boosted investor enthusiasm for bitcoin as his betting odds rise. According to the betting website Polymarket, Trump's odds of winning the Presidential election in November bottomed on September 18. Bernstein analyst Gautam Chhugani said last month that a Trump win could be monumental for the crypto industry. Bitcoin might be ultimately front-running a potential Trump win in November, with the cryptocurrency up 59% year-to-date.

Persons: Bitcoin, bitcoin, —, Donald Trump, Trump, Kamala Harris, bettors, Stanley Druckenmiller, Bernstein, Gautam Chhugani, Chhugani, He's, he'd Organizations: Trump, Service, Billionaire, Bloomberg, Conference, Bitcoin Conference, Liberty Locations: United States

☆ Stanley Druckenmiller says he's 'licking my wounds' from selling Nvidia too soon
▼ + stars: | 2024-10-16 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller said on Wednesday that his decision to sell out of Nvidia this year was a "big mistake." Druckenmiller's comments do not reflect Nvidia's 10-for-1 stock split, which went into effect in June. "It tripled in a year, and I thought the valuation was rich," Druckenmiller told Bloomberg. Druckenmiller told CNBC in May that Nvidia was "a little overhyped now, but underhyped long term." He added that he was introduced to Nvidia in 2022, when "I didn't even know how to spell it."

Persons: Stanley Druckenmiller, I've, —, Druckenmiller, we've, we'd, financials Organizations: Nvidia, Bloomberg, Duquesne, Meta, Microsoft, CNBC

☆ Wall Street strategists sour on the China trade, see stimulus as another 'boom-bust' episode
▼ + stars: | 2024-10-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's lack of concrete economic stimulus actions poured cold water on U.S. investors who went big on the China trade, and strategists on Wall Street are warning of disappointment ahead. The professional cohort had piled into beaten-down stocks last month, stirred by hopes of more government assistance for the troubled China economy. "Indeed, the only part of the Chinese economy that appeared to be holding was its export sector. Investor sentiment toward Chinese stocks was partly aided by high-profile hedge fund manager David Tepper of Appaloosa Management, who turned extremely bullish. Stanley Druckenmiller reportedly said he's not interested in Chinese stocks under the current political leadership, regardless of the new policies.

Persons: Stefano Pascale, Sameer Samana, Donald Trump, Barclays Pascale, David Tepper, Tepper, Ray Dalio, Stanley Druckenmiller, he's, — CNBC's Michael Bloom Organizations: Barclays, Trump, CSI, Appaloosa Management, CNBC Locations: China, Wells Fargo, Beijing

☆ Hedge funds are piling into Chinese stocks like never before as sweeping stimulus sparks enthusiasm
▼ + stars: | 2024-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world's second largest economy. The high-profile investor even said he's raising his usual allocation limit and is not hedging his big China bet. He dove into Chinese internet stocks last quarter as Burry's hedge fund, Scion Asset Management, made Alibaba its top holding at the end of June. KWEB 5D mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat.

Persons: Goldman Sachs, David Tepper, Tepper, Burry It's, bullish, Nick Wilcox, Michael Burry, Stanley Druckenmiller, he's Organizations: Appaloosa Management, CNBC, China . Man, Man, Scion Asset Management, Baidu, CSI China, BlackRock, U.S Locations: China, Taiwan

☆ A new ETF uses AI to emulate Warren Buffett's investment style
▼ + stars: | 2024-09-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Investment startup Intelligent Alpha is working on launching the Intelligent Omaha ETF , with the ticker AIWB, that relies on AI to emulate the Berkshire Hathaway CEO's investment philosophy and create a portfolio of 25-30 stocks that it thinks Buffett might buy. It remains to be seen how deeply AI could understand Buffett's unique investing style that has evolved significantly over seven decades. All about AI Intelligent Alpha has been testing its Buffett strategy for six months and the portfolio AI puts together would overlap Berkshire's by anywhere between 30 to 60%. "The vision for Intelligent Alpha is to build the AI-powered BlackRock," Clinton said. "There are two big pillars, serving retail investors [through Registered Investment Advisors], and then there's serving institutional investors."

Persons: Warren Buffett, Buffett, Claude —, he's, Doug Clinton, Charlie Munger's, Clinton, Stanley Druckenmiller, David Tepper Organizations: Alpha, Berkshire Hathaway, Intelligent Alpha, Apple, Livermore, Nvidia, Advisors Locations: Omaha

☆ Ron Insana: Fed should reassure market it's ready to act, as this resembles late '90s foreign markets crises
▼ + stars: | 2024-08-05 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

First, when everything is being sold – and just about everything is being sold on Monday – someone is in big trouble. The spillover effect – exacerbated by a Federal Reserve reluctant to cut interest rates even as inflation cools – has put all assets on sale. This suggests that fears of a financial market problem are greater than those of a widening Middle East war. Should the situation become more tumultuous, the Fed could be forced into cutting interest rates between meetings. Indeed, when the Fed responded to the 1998 event by cutting interest rates , stocks went on a tear before topping out in 2000.

Persons: I've, Michael Gayed, Cashin, It's, Stanley Druckenmiller, Japan —, Ron Insana Organizations: Federal Reserve, Nikkei, UBS, Term Capital Management, CNBC Locations: Japan, Israel, Iran

☆ Will the rally in small-cap stocks last? Investors share their take — and their picks
▼ + stars: | 2024-07-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.

Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, —, Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America

☆ Stanley Druckenmiller hits another home run in small caps after nailing the Nvidia trade
▼ + stars: | 2024-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller , still basking in his winning Nvidia bet, has hit another home run in this bull market. When Druckenmiller acquired the position in the first quarter, small caps were significantly underperforming their large-cap counterparts. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. After the stock soared from $150 to above $900, Druckenmiller slashed the stake. A lot of what we recognized has become recognized by the marketplace now," Druckenmiller said on CNBC at the time.

Persons: Stanley Druckenmiller, Druckenmiller, Russell, George Soros, bullish, We've Organizations: Nvidia, Duquesne Family Office, Investment, SEC, Quantum Fund, Duquesne Capital Management, CNBC

☆ College dropouts raise $120 million to take on Nvidia's AI chips
▼ + stars: | 2024-06-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence. Co-founder and CEO Gavin Uberti said that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs. "We're making the biggest bet in AI," Uberti said in an interview. Other chip startups taking on Nvidia include Cerebras Systems, which is building a physically larger AI chip, and Tenstorrent, which is using a trendy technology called RISC-V to build AI chips. Venture capitalists invested $6 billion in AI semiconductor companies in 2023, up slightly from $5.7 billion in 2022, according to data from PitchBook.

Persons: Gavin Uberti, Uberti, we'll, Peter Thiel, Stanley Druckenmiller, Kyle Vogt, we've, Robert Wachen Organizations: Nvidia, Harvard, Apple, Venture Partners, Cerebras Systems, Semiconductors, Taiwan Semiconductor Manufacturing Co, Venture Locations: Cupertino , California, PitchBook

The Haley rationale for backing TrumpAfter months of speculation, Nikki Haley said — in her first appearance since dropping out of the Republican presidential primary — that she would vote for Donald Trump, the man against whom she waged a sometimes scathing campaign. But it may provide cover to prominent donors like Ken Griffin who in recent weeks has suggested that he might come in from the cold and donate to Trump. Deep-pocketed Republicans flocked to Haley during the primary. “I think she is just what we need right now,” Langone said on Fox News. “What Trump put this country through the last three months of his presidency was disgraceful.”But donors are rethinking their aversion to Trump, who handily beat Haley and other rivals and is now leading President Biden in some polls.

Persons: Haley, Nikki Haley, —, Donald Trump, Ken Griffin, Griffin, Paul Singer, Henry Kravis, Barry Sternlicht, Cliff Asness, Stanley Druckenmiller, Ken Langone, Reid Hoffman, wasn’t Trump, Nikki, ” Sternlicht, ” Langone, Trump, Biden, White, Israel Organizations: Trump, Republican, PAC, Elliott Management, KKR, Starwood Capital, AQR Capital Management, Democratic, LinkedIn, Times, Fox News Locations: Gaza

☆ Trim Alphabet, buy Microsoft: How major hedge funds invested in tech during the first quarter
▼ + stars: | 2024-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.

Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren

☆ Stanley Druckenmiller built a big bullish position in small-cap stocks last quarter
▼ + stars: | 2024-05-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Stanley Druckenmiller revealed a big bullish position in small-cap stocks last quarter, according to a new regulatory filing. A call option gives an investor the right to buy an asset at a specified — or strike — price within a certain period. As of the end of March, Druckenmiller owned 31,579 call contracts with unknown value, strike price or expiry, according to the filing. The noted investor also took some profit in his big Nvidia bet last quarter by slashing the stake by more than 70%. Other than these changes, Druckenmiller added a sizable stake in semiconductor name Coherent , making it his eighth-biggest holding.

Persons: Stanley Druckenmiller, Russell, Druckenmiller, We've, I'm, Warren Buffett, George Soros Organizations: Duquesne Family Office, U.S . Securities, Exchange, Nvidia, CNBC, Quantum Fund, Duquesne Capital Management Locations: Duquesne

☆ Stanley Druckenmiller slashed his Nvidia stake by 72% last quarter as the stock nearly doubled
▼ + stars: | 2024-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Stanley Druckenmiller slashed his exposure to Nvidia by 72% in the first quarter, according to 13F filings. AdvertisementBillionaire investor Stanley Druckenmiller slashed his exposure to AI darling Nvidia by 72% in the first quarter, according to a 13F filing with the Securities and Exchange Commission. Druckenmiller's Duquense Family Office, which manages about $4.4 billion, sold 441,551 shares of Nvidia in the first quarter. Other big trades made by Druckenmiller include a $664 million bet on small cap stocks, via call options on the Russell 2000. Another notable trade Druckenmiller made was the near tripling of his position in copper miner Freeport McMoRan, now worth about $65 million.

Persons: Stanley Druckenmiller, Druckenmiller, —, Russell Organizations: Nvidia, Service, Securities and Exchange Commission, Microsoft, Freeport McMoRan, Investment Locations: Freeport

☆ Longtime tech investor Dan Niles is fundraising. He explains why he believes now is the time for his Satori Fund.
▼ + stars: | 2024-05-16 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

Read previewTwenty years after Dan Niles started running his tech-focused portfolio at Lehman Brothers, he's looking to grow. Niles, a longtime money manager running the Satori Fund and a frequent market commentator, has only recently taken over the fund entirely. After the collapse of Lehman Brothers, which the fund was a part of, Niles spun the fund out. Now, under a new brand — Niles Investment Management — and with the current market environment, Niles is eyeing hundreds of millions in new capital for the fund. "Since 2007, it's been the right product at the wrong time," Niles said about his strategy in an interview with Business Insider.

Persons: —, Dan Niles, Lehman, Niles, it's, he's, Stanley Druckenmiller, George Soros, I've Organizations: Service, Lehman Brothers, Business, Niles Investment Management, Google, Microsoft, Amazon Locations: Niles, West Coast, South Florida, Seattle

☆ Legendary investor Stanley Druckenmiller says copper is a great bet for the next 6 years because EVs, data centers, and missiles all depend on it
▼ + stars: | 2024-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Billionaire investor Stanley Druckenmiller says demand from EVs, data centers, and even missiles are a boon for copper. Druckenmiller initiated a new position in copper miner Freeport-McMoRan in the fourth quarter. AdvertisementThe price of copper will hit new record highs over the next five to six years, according to billionaire investor Stanley Druckenmiller. "Copper is a pretty simple story, takes about 12 years, greenfield to produce copper, and you got EVs, the grid, data centers, and believe it or not munitions. At the 2023 Sohn Investment Conference, Druckenmiller said copper was "in the tightest position, well frankly I've ever studied."

Persons: Stanley Druckenmiller, Druckenmiller, —, Druckenmiller's, he's Organizations: Service, CNBC, Investment Locations: Freeport, McMoRan, Ukraine, Israel, Taiwan

☆ David Zervos: Blame traders living in rate cut la-la land — not the Fed — for recent market turbulence
▼ + stars: | 2024-05-08 | by ( David Zervos | Jefferies Chief Market Strategist | ) www.cnbc.com time to read: +3 min

This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.

Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity

☆ Stanley Druckenmiller: The Fed should get rid of forward guidance and just do their job
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStanley Druckenmiller: The Fed should get rid of forward guidance and just do their jobStanley Druckenmiller, Duquesne Family Office chairman and CEO, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, interest rate outlook, impact of AI technology, government spending and President Biden's economic policies, latest market trends, and more.

Persons: Stanley Druckenmiller Organizations: Duquesne Family

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