{"id":44920,"date":"2022-06-10T13:00:03","date_gmt":"2022-06-10T13:00:03","guid":{"rendered":"https:\/\/harchi90.com\/stanley-druckenmiller-warns-of-bear-market-recession-by-2023\/"},"modified":"2022-06-10T13:00:03","modified_gmt":"2022-06-10T13:00:03","slug":"stanley-druckenmiller-warns-of-bear-market-recession-by-2023","status":"publish","type":"post","link":"https:\/\/harchi90.com\/stanley-druckenmiller-warns-of-bear-market-recession-by-2023\/","title":{"rendered":"Stanley Druckenmiller Warns of Bear Market, Recession by 2023"},"content":{"rendered":"<div>\n<ul class=\"summary-list\">\n<li>Billionaire Stanley Druckenmiller believes we&#8217;ll be in a bear market for some time and recession is coming.<\/li>\n<li>&#8220;I assume, and pretty strongly, soon we&#8217;re going to have a recession sometime in 2023,&#8221; he said. <\/li>\n<li>Druckenmiller said his forecast is based on the Fed&#8217;s approach to fighting inflation. <\/li>\n<\/ul>\n<div class=\"inline-newsletter-signup &#10;                        headline-regular loading\" id=\"formContainer\" data-component-type=\"inline-newsletter-module\" data-event-label=\"10_things_markets\" data-list=\"10 Things Before the Opening Bell\" data-acq-source=\"marketsverticalinline\">\n<section class=\"inline-newsletter-content\">\n<div class=\"js-loader hidden\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"svg-icon \" version=\"1.1\" role=\"img\" width=\"50\" height=\"50\" viewbox=\"0 0 50 50\" style=\"enable-background:new 0 0 50 50;\" xml:space=\"preserve\">\n                        <title>Loading<\/title>\n                        <desc>Something is loading.<\/desc>\n                        <path fill=\"#111\" d=\"M43.935,25.145c0-10.318-8.364-18.683-18.683-18.683c-10.318,0-18.683,8.365-18.683,18.683h4.068c0-8.071,6.543-14.615,14.615-14.615c8.072,0,14.615,6.543,14.615,14.615H43.935z\">\n                          <animatetransform attributetype=\"xml\" attributename=\"transform\" type=\"rotate\" from=\"0 25 25\" to=\"360 25 25\" dur=\"0.6s\" repeatcount=\"indefinite\"\/>\n                        <\/path>\n                      <\/svg><\/div>\n<\/section><\/div>\n<p>Billionaire Stanley Druckenmiller is downbeat on the markets right now and says the current <\/p>\n<p>                        <span class=\"component rich-tooltip reference-autolinker no-help\" data-component-type=\"reference-autolinker\"><br \/>\n                          bear market<br \/>\n                          <span style=\"font-size: 0px;\"\/><br \/>\n                        <\/span>  has some way to run.<\/p>\n<p>At a 2022 Sohn Investment Conference the investor and chief of Duquesne Family Office said: &#8220;My best guess is that we&#8217;re six months into a bear market,&#8221; Bloomberg quoted him as saying. <\/p>\n<p>&#8220;For those tactically trading, it&#8217;s possible the first leg of that has ended. But I think it&#8217;s highly, highly probable that the bear market has a ways to run,&#8221; he added. <\/p>\n<p>His comments echo the weakness seen in US stock markets, which have tumbled this year.  The tech-heavy Nasdaq 100 has dropped 24% year-to-date while the S&#038;P 500 has lost 16%.  Stocks continued their descent overnight as investors prepared for key inflation data on Friday. <\/p>\n<p>Druckenmiller said the driver of those losses is down to the <\/p>\n<p>                        <span class=\"component rich-tooltip reference-autolinker no-help\" data-component-type=\"reference-autolinker\"><br \/>\n                          Federal Reserve<br \/>\n                          <span style=\"font-size: 0px;\"\/><br \/>\n                        <\/span>  and the central bank&#8217;s approach in fighting inflation that he says will ultimately lead the US into a <\/p>\n<p>                        <span class=\"component rich-tooltip reference-autolinker no-help\" data-component-type=\"reference-autolinker\"><br \/>\n                          recession<br \/>\n                          <span style=\"font-size: 0px;\"\/><br \/>\n                        <\/span>  at some point next year, CNBC reported. <\/p>\n<p>In May, the Fed raised the benchmark rate by 0.5 percentage points, its first double-sized hike since 2000 to bring down inflation and draw a line under years of easy monetary policy. <\/p>\n<p>Geopolitical factors are also putting pressure on stock markets, Druckenmiller said.<\/p>\n<p>&#8220;Given the extent of the asset bubble and the destruction in the markets, given what&#8217;s going on in Ukraine, giving zero Covid policy in China, I don&#8217;t take a lot of comfort from that,&#8221; he said.  &#8220;So I assume, and pretty strongly, soon we&#8217;re going to have a recession sometime in 2023.&#8221;<\/p>\n<p>When it comes to investing himself, Druckenmiller said he&#8217;s taking a step back from trading.  &#8220;I&#8217;ve lived through enough bear markets, that if you get aggressive in a bear market, on the short side, you can get your head ripped off in rallies. I&#8217;m pretty much taking a break,&#8221; he said. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Stanley Druckenmiller believes we&#8217;ll be in a bear market for some time and recession is coming. &#8220;I assume, and pretty strongly, soon we&#8217;re going to have a recession sometime in 2023,&#8221; he said. Druckenmiller said his forecast is based on the Fed&#8217;s approach to fighting inflation. Loading Something is loading. Billionaire Stanley Druckenmiller is &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/stanley-druckenmiller-warns-of-bear-market-recession-by-2023\/\"> <span class=\"screen-reader-text\">Stanley Druckenmiller Warns of Bear Market, Recession by 2023<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/i.insider.com\/62a2faf34e21bf00185c3f88?width=1200&format=jpeg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/44920"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=44920"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/44920\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=44920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=44920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=44920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}