Does Stanley Druckenmiller Know Something Wall Street Doesn't? The Billionaire Investor Is Worried About a Repeat of 1970s Market-Crushing Inflation.

Few have mastered the art of consistency better than Stanley Druckenmiller. The George Soros protege never had a losing year while running Duquesne Capital Management for three decades and generated average annual returns of 30%. Druckenmiller is an astute observe of macroeconomics and keeps a close eye on the economy and the bond market, which is likely a big reason for his success. While the market has cheered the Federal Reserve's recent decisions to lower interest rates, Druckenmiller in several interviews now has been skeptical.Does the billionaire investor know something that Wall Street doesn't? Let's take a look.A few weeks ago, reports from an industry conference revealed that Druckenmiller has bets against U.S. Treasury bonds that account for 15% to 20% of his portfolio. Many were surprised by the move because the Fed has begun lowering interest rates. Bond yields normally follow the Fed to some degree and have an inverse relationship with bond values, so if yields are going to move lower shouldn't bonds move higher?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool