Interview: Ray Dalio says his fund is long stocks…
Billionaire hedge fund manager Ray Dalio said that he sees a “significant amount of risk in the bond market” as the U.S. moves toward a bigger deficit and the Federal Reserve unwinds its balance sheet.
“Tightenings become progressively more concerning because as you move along they’re more and more difficult to get perfect,” Dalio, founder of Bridgewater Associates, said in an interview on Bloomberg Radio. “As we’re progressing, we’re entering a period of greater risk in the nature of the market.”
“I think they’ll be cautious in this but when you’re caught in this part of the cycle it’s very delicate,” he said.
— With assistance by Matthew Boesler, and Alexis Leondis