From CNBC: 2025-01-20 11:04:40

Billionaire investor Stanley Druckenmiller credits Donald Trump’s re-election for sparking optimism in markets. He remains cautious due to elevated bond yields, holding a short position against Treasurys. S&P 500 surged 6% in November. Druckenmiller focuses on AI stocks, believes tariffs could generate revenue and lessen fiscal problems in the US.

Druckenmiller dismisses concerns of market impact from Trump’s tariffs, sees them as a revenue source. Trump’s trade memorandum to be issued Monday won’t impose tariffs yet, considering gradual increases on trading partners. Druckenmiller, a former protege of George Soros, is known for his successful bets in the financial markets.

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