Nvidia Week, and Druckenmiller Takes On Bessent

Rigatoni Capital Podcast · Aug 25, 2026 · 34m

Bessent said Monday that the Treasury has not bought a single bond yet and the buyback operation begins September 9th, and he's got up to $950 billion available if he wants it. This was clearly posturing, but I would take him seriously if I were an investor at least. Of course we get into Stanley Druckenmiller's WSJ op-ed, "Let the Bond Market Speak," aimed at his old hedge fund friend Bessent. As far as I'm aware, Druckenmiller has been short long duration bonds for a bit, so his trade keeps working as bonds continue their sell off.

This week we have PCE data, Nvidia earnings, and Jackson…