The stock market could be on the verge of a 'lost decade,' Ray Dalio's Bridgewater warns

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• Ray Dalio's Bridgewater Associates said in a note on Tuesday that the stock market could be on the verge of a "lost decade" for investors, Bloomberg reported on Thursday.
• A "lost decade" for stocks would reverse a years-long trend of strong growth for corporate earnings as globalization has already peaked, Bridgewater said.
• The firm said the COVID-19 pandemic would harm companies. "Left with lower levels of profits and cash shortfalls, companies are likely to come out on the other side of the coronavirus more indebted," the note said, according to Bloomberg.
• Bridgewater, the largest hedge fund in the world, recently suffered a 15% slump in assets amid the COVID-19-induced market sell-off.
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The stock market could be on the verge of a "lost decade" for investors, as globalization "has already peaked," Ray Dalio's Bridgewater Associates said in a note on Tuesday, Bloomberg reported on Thursday.

Bridgewater, the largest hedge fund in the world, said it thought the years-long trend of strong corporate earnings could see a multiyear reversal exacerbated by the COVID-19 pandemic.See the rest of the story at Business Insider

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