Billionaire investor Stanley Druckenmiller is said to be shorting the US dollar — and he expects a Democratic sweep this election to hurt stocks in the coming years | WHAT REALLY HAPPENED

Billionaire investor Stanley Druckenmiller is said to be shorting the US dollar — and he expects a Democratic sweep this election to hurt stocks in the coming years

American billionaire Stanley Druckenmiller is betting that the US dollar will weaken, and expects a Democratic 'blue wave' this election to be a long-term drag on stocks, Bloomberg reported.

At a virtual conference on Tuesday, the hedge-fund manager said higher taxes and inflation will hurt equities in the coming years.

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