Dalio says U.S. stock market buffer is weakening; bond bear market may still have room to develop
Dalio said that the simultaneous rise in U.S. stocks and U.S. Treasury yields has weakened the stock market’s buffer against a bond-market sell-off, while credit spreads have begun to widen; he believes the bond bear market may continue, but does not expect corporate earnings to decline soon or U.S. stocks to undergo a sharp correction.