GURU DRUCKENMILLER is describing his actions last month… not what he’s doing today…
"When the Trump tweet went out, I went from 93% invested to net flat, and bought a bunch of Treasuries," Druckenmiller said Monday evening [6/3] quoted by Bloomberg, referring to the May 5 tweet from Trump which threatened an increase in tariffs on China and which sparked the most vicious selling yet. Explaining his decision, Druck said that it's “not because I’m trying to make money,
I just don’t want to play in this environment."
zh: Incidentally, for those confused what going from 93% invested to flat means, the answer is
he liquidated his entire equity book.
He doesn’t like the weakness in the consumer sectors (similar to December), and I proxied his view here: