A 15% Pullback In Stocks Is Looming

stock pullback

Ten years ago, Stanley Druckenmiller issued a dire warning …

Druckenmiller is one of the world’s greatest investors. He is famous for forcing the devaluation of the British pound in 1992. He was working for hedge fund legend George Soros at the time. This trade generated more than $1 billion.

He also founded hedge fund Duquesne Capital in 1981. Over the next 30 years, he averaged 30% annual returns. That’s more than four times better than the S&P 500 over the same time frame. In fact, Druckenmiller never had a losing year over his 30 years at the fund.

A few years before the credit crisis, Druckenmiller warned investors that Federal Reserve Chairman Alan Greenspan was creating an “epic mortgage bubble, which was sure to crash.” If you followed his advice, you probably saved a lot of money, as stocks plunged by more than 30% in 2008.

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Ep. 413: Retail Expert Sees Pain Ahead

Talented-Blonde-Kristen-Bentz-Feature

Welcome back to another episode of Wall Street Unplugged.

My guest this week is one of my favorite people to talk to about investing, Kristin Bentz, retail expert and founder of The Talented Blonde.

On this episode, Kristin talks about the recent crash in retail stocks and what it means for the markets. She breaks down the latest spending patterns of consumers and highlights which segments will be the winners and losers within the retail sector over the next few months. 

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My Favorite Idea From a Gathering of Billionaires

Sohn conference investing

It’s a gathering of billionaires …

That’s how a few media outlets describe the Ira Sohn investment conference. Every year, some of the world’s greatest investors including David Einhorn, Bill Ackman, Jim Chanos, Stanley Druckenmiller, Jeffrey Gundlach and Larry Robbins (to name a few) share their favorite investment ideas.

The conference was held in New York City last week. It was also covered by CNBC (just partnered with the Ira Sohn Foundation) who interviewed many of these billionaires shortly after their presentations.

I attended the event and watched from the third row. I actually sat behind hedge fund legend Bill Ackman as these Wall Street elites used their 20-minute window to pitch their new ideas.

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