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Stanley Druckenmiller Sold Nearly All of His Investments & Bought Treasuries After China Tweet
Stanley Druckenmiller, a billionaire hedge fund manager with a long track record of beating the market, said that he sold nearly all of his investments and piled into Treasurys following President Donald Trump’s May tweet that escalated the U.S.-China trade dispute. “When the Trump tweet went out, I went from 93% invested to net flat and bought a bunch of Treasurys,” Druckenmiller said. “Not because I’m trying to make money, I just I don’t want to play in this environment.”
