Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’

0
41
Stanley Druckmiller says that

The billion -dollar investor Stanley Printmiller believes that Donald Trump's re -election has given a new impetus in the markets of speculative enthusiasm and growing optimism in the company.

“I've been doing this for 49 years and we are probably moving from the most economy -hostile administration,” said Druckmiller on Monday on CNBC. “We talk a lot with CEOs and companies on site. And I would say CEOs are somewhere relieved and dizzy. So we believe in animal spirits. “

While the well -known investor, who is now heading the Duquesne Family Office, the economy assesses the economy optimistically at a brain perspective, he remains rather careful due to the increased bonded ends on the stock market. He announced that he adheres to his empty sales towards government bonds and practically bets that the bond prices fall and the returns will increase.

“As far as the markets are concerned, I would say that it is complicated,” said Druckmiller. “There will be a strong economy, while the bonds will increase in response to this strong economy, and this means that I have no clear opinion in one direction.”

The S&P 500 rose by almost 6 % in November after Trump's victory, which increased the growth of the benchmark to 23.3 % in 2024. Trump's promised tax cuts and deregulating dramatically raised risk systems, in particular bank and energy stocks and Bitcoin, which just reached another record high on Monday.

Print killer, 71, said he would concentrate on individual shares and not worry about the wider market. The investor said he was optimistic about companies in which artificial intelligence will reduce their costs and increase productivity. He did not reveal which AI shares he relies on after the sale of Nvidia and Microsoft.

“Risks are exaggerated”

What concerns the fears that Trump's punitive tariffs would spoil market tariffs and raise inflation is of the opinion that the revenue generated by tariffs could alleviate the pressing budget problem in the country.

“We have a budget problem, we need income,” said Druckmiller. “For me, tariffs are simply a consumption tax that foreigners pay for part of them. Now there is a risk in retaliation, but as long as we stay in the 10 percent area … I think that the risks in relation to the income are exaggerated. ”The rewards in height.

Stanley Print Miller: Customs are only a consumption tax for which foreigners pay part of them

Trump's trade memorandum, which is to be published on Monday, does not yet provide tariffs. According to reports, his warehouse discusses a schedule with graded tariffs, which for trading partners increase by about 2 to 5 % per month.

Print killer once managed the Quantum Fund from George Soros and gained celebrity after completing a 10 billion dollar bet against the British pound in 1992. Later, as President of Duquesne Capital Management, he headed the $ 12 billion before he closed his company in 2010.