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Billionaire investor Stanley Druckenmiller 'humbled' by markets after missing out on historic rally in stocks

Billionaire investor Stanley Druckenmiller 'humbled' by markets after missing out on historic rally in stocks
Getty Images/ Scott Olson



Stanley Druckenmiller has been "humbled" by markets following stocks' historic 50-day rally, he said in a CNBC interview Monday.




"I've been humbled many times in my career, and I'm sure I'll be many times in the future. And the last three weeks certainly fits that category," Druckenmiller said.




Druckenmiller said last month that the stock market's risk-reward profile was one of the worst he'd ever seen, and he discounted the Fed's ability to save the economy.




Now, Druckenmiller says he underestimated the Fed, and is up only 3% after the market's 40% rally.




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Billionaire investor Stanley Druckenmiller has been "humbled" by markets after missing out on stocks' historic 50-day rally, according to a CNBC interview on Monday.
The stock market has rallied more than 40% off its March 23 low, marking the strongest 50-day rally in its history.
Last month, Druckenmiller said in an interview with the Economic Club of New York that the stock market's risk/reward profile was one of the worst he's ever seen, and he discounted the Fed's ability to save the economy.
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