George Soros says he shorted S&P 500, went long U.S. Treasurys

Billionaire hedge-fund investor George Soros on Thursday said he shorted the S&P 500 index and also went long U.S. government bonds. In an interview with Bloomberg Television in Davos, Switzerland, Soros said it remained too early to buy stocks and that he would be surprised if the Federal Reserve raised interest rates again. Soros also said a hard landing for China's economy "is practically unavoidable" but that the country has the resources to manage it.

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