This is a tough environment. It reminds me of the motto: Stay calm, stay positive, never give up. Conditions are not always perfect. There's noise, but you stay the course-you don't lose sight of what's important.
The S&P 500 rose 67.82% on a price basis from inauguration day to the end of Trump's first term, gaining 9.27% in the first six months and 24.15% after one year. Trade tensions with China caused corrections, but the market recovered as company earnings continued to grow.
"Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump said in a post on his social media platform, Truth Social, as highlighted by CNBC.
Druckenmiller founded Duquesne Capital Management in 1981, which went on to deliver average annual returns of 30% without a single losing year. Every other major investor you know today has had at least some losses, but not Druckenmiller.
The Efficient Market Hypothesis holds that the prices in any financial market already reflect all available information relevant to what's being traded within them.
