(Bloomberg) Billionaire Ray Dalio, who founded the world’s largest hedge fund at Bridgewater Associates, is shrugging off the recent declines across several major equity and bond markets. “These big declines are just minor corrections in the scope of things,” he wrote in a Linkedin post Monday. “There is a lot of cash on the side to buy on the break, and what comes next will be most important.” Concern that a faster expansion in U.S. hiring and wages will prompt the Federal Reserve into a tougher stance against inflation has erased about two-thirds of January’s U.S. equity advance.
Bridgewater’s Dalio Says Market Declines Are ‘Minor Corrections’
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