Julien

@WhiteHouse Looks like market is ripe for a pullback.

TRUST IN TRUMP 🇺🇸📈

Stan Druckenmiller's intuition on the markets is just extraordinary. He naturally sees his portfolio as a matrix of instruments that can counter-balance each other's correlations. In his last interview with Morgan Stanley, he mentioned having a bond short as a hedge for his portfolio of longs in Korea, Japan, Gold, Copper, $TEVA etc. He discussed that if we see disinflationary growth, he breaks even or loses small, but if we see inflationary growth, it will act as a hedge. Of course, he couldn't have anticipated the Iran War and the oil supply shock, but now bonds are selling off on higher yields, and his bond short is working nicely.