The S&P 500 could fall by another 15-20% in the coming weeks.
Billionaire hedge fund manager Stanley Druckenmiller is worried that the U.S. dollar will lose purchasing power much more rapidly than the 2% average.
Leaders in government, business, and finance might all be overreacting to the coronavirus pandemic and that could be exactly what the economy needs.
"The recent market volatility is more about Quarantine vs. Recovery and Cyclicals vs. Defensives than Value vs. Growth.”