Druckenmiller is long equities and commodities, short bonds and yen, and long commodity currencies betting on benign economic outlook.
“I'm long equities. I'm long some commodities. I'm short fixed income. And I'm long commodity currencies. Short the yen. So all sort of for now.”
Druckenmiller estimates EVs add 0.5% annual copper demand while supply outlook remains challenged, particularly from Chile.
“We think that EVs probably add point half a percent a year in demand and the supply outlook's challenged, it become more challenged if the Chile situation doesn't clear up, but that's not why we own it.”