Stanley Druckenmiller said the market's strong performance over the last three weeks has "humbled" him and that he underestimated the power of the Federal Reserve.
Stanley Druckenmiller
"Well 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," he told "Squawk Box" Monday morning. "The risk-reward for equity is maybe as bad as I've seen it in my career," Druckemiller said on May 12. "The wild card here is the Fed can always step up their purchases." The S&P 500 is up more than 11% since his comments in May.
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