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Legendary Investor Stanley Druckenmiller Dumped His Stocks And Went All-in On Treasurys After Trump Escalated The Trade War With China | Markets Insider
Posted on: June 4, 2019, 3:51 p.m.
The hedge fund billionaire Stanley Druckenmiller says he cut his stock-market exposure to zero after President Donald Trump's May 5 tweet threatening to raise tariffs on Chinese goods. Druckenmiller instead invested in US Treasurys, he said Monday at a gathering in New York. Treasurys are seen as a haven during times of economic stress. The 10-year yield fell to 2.13% from 2.53% after Druckenmiller put on the trade. Visit MarketsInsider.com for more stories. Stanley Druckenmiller says he put the brakes … Full investment news articleRelevent to this post: Stanley Druckenmiller,