That is breaking information. Please examine again for updates.Billionaire hedge fund supervisor Stanley Druckenmiller mentioned Friday that he agr
That is breaking information. Please examine again for updates.
Billionaire hedge fund supervisor Stanley Druckenmiller mentioned Friday that he agrees with fellow investor David Tepper’s optimism in the marketplace and mentioned he is nonetheless “using the horse.”
“I revealed a really bullish posture intermediate time period since October when Powell assured he wouldn’t rescind the insurance coverage cuts,” Druckenmiller mentioned in an e-mail to CNBC’s Joe Kernen. “Since then, each have labored out and the Fed remains to be whining about inflation being beneath goal.”
“As well as, Trump’s election prospects have elevated with two commerce agreements and large win in Iran which the Democrats have responded poorly to,” he added. “So I’m nonetheless ‘using the horse’ and bullish instant time period.”
Druckenmiller’s feedback come as U.S. equities extend the longest bull market in U.S. historical past that started in March 2009. The S&P 500 has skyrocketed greater than 380% since then and on Thursday reached an all-time excessive north of 3,300.