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Thank you for reading this post, don't forget to subscribe!Stanley Druckenmiller made a big bet on regional banks in the third quarter, that’s likely paid off after a Republican sweep in the elections.
The top new holding of his Duquesne Family Office was the SPDR S&P Regional Banking ETF KRE, and now represents the seventh highest position in the portfolio, according to the 13-F filing filed with the Securities and Exchange Commission.
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Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
