Investing
Druckenmiller Warns ‘Bear Market Has a Ways to Run’ as Fed Hikes Rates
- Famed investor says a recession is likely to strike next year
- He’s looking for opportunities to short stocks and the dollar
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Stanley Druckenmiller has a warning for Wall Street: The sharp decline in the stock market isn’t over just yet.
“My best guess is that we’re six months into a bear market,” Druckenmiller, who runs Duquesne Family Office, said Thursday at the 2022 Sohn Investment Conference. “For those tactically trading, it’s possible the first leg of that has ended. But I think it’s highly, highly probable that the bear market has a ways to run.”