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Fri Jun 19, 2020, 09:31 AM

Investors could be looking at a 'lost decade' in the stock market, biggest hedge fund warns

(MarketWatch) That’s part of the reason why Bridgewater Associates, the world’s biggest hedge fund, issued a warning to clients this week that equity investors could be facing a “lost decade” in terms of returns.

“Globalization, perhaps the largest driver of developed world profitability over the past few decades, has already peaked,” Bridgewater said in a note obtained by Bloomberg News. “Now the U.S.-China conflict and global pandemic are further accelerating moves by multinationals to reshore and duplicate supply chains, with a focus on reliability as opposed to just cost optimization.”

Intel Corp. INTC, -0.67% and Taiwan Semiconductor Manufacturing TSM, -0.05% were cited in the note as two examples of high-profile technology companies that plan to build their production facilities in the U.S., despite the higher costs that will pinch margins.

It’s been a rough stretch for Ray Dalio’s Bridgewater, which has earned an estimated $58.5 billion for clients since its launch in 1975. The fund took a 15% hit in assets under management during March and April, dropping to $138 billion from $163 billion at the end of February. ........(more)


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Reply Investors could be looking at a 'lost decade' in the stock market, biggest hedge fund warns (Original post)
marmar Jun 19 OP
sandensea Jun 19 #1

Response to marmar (Original post)

Fri Jun 19, 2020, 12:52 PM

1. I love how "the market" always substitutes for the economy

"The market is the economy," the thinking goes.

"All you middle and working-class losers don't count - never have, never will."

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