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Market Extra: Stanley Druckenmiller warns of U.S. hard landing at Sohn conference, says debt-ceiling debate ‘really depressing’

Market Extra

Duquesne Family Office CEO Druckenmiller and Bridgewater co-CIO Karen Karniol-Tambour were among investors who spoke at the 2023 Sohn Investment Conference on Tuesday

A potential hard landing for the U.S. economy could involve an at least 20% decline in corporate profits, Stanley Druckenmiller said Tuesday at the 2023 Sohn Investment Conference.

Associated Press

Macroeconomic concerns are piling up, creating heightened uncertainty for investors.

“The debt-ceiling debate is really depressing,” said Stanley Druckenmiller, chairman and chief executive of Duquesne Family Office, at the 2023 Sohn Investment Conference held virtually on Tuesday. “I hope we don’t have a technical default,” he said, which would result in a “market event.”


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