Bridgewater Co-CIO Greg Jensen Sees ‘Bad’ Outlook for Bonds and Stocks
For much of last year, Bridgewater Associates was on the verge of historic outperformance, betting that the fastest pace of rate hikes in decades would soon tip the US economy into recession. Then, as bond yields began to tumble and stocks rose towards the end of last year, it fumbled at the finish line.
Still Greg Jensen, the co-chief investment officer of the world’s biggest hedge fund, says markets are getting it wrong. In the latest episode of the Odd Lots podcast, he argues that investors are still too optimistic about the prospects for economic growth and the ability of the Federal Reserve to permanently stamp out inflation and return to its 2% target.
Source: Bloomberg