Ray Dalio: Here's The Reason Why "There Won't Be A Trade War Anytime Soon"

While Ray Dalio initially praised Trumpafter his election, the founder of the world's biggest hedge fund subsequently grew increasingly concerned and sour on the president, warning that populismis "more likely than not to become extremism", and that "Donald Trump is moving toward conflict rather than cooperation.

" It got so bad that two weeks ago, Bloomberg reported that Bridgewater had derisked massively, and had gone net short equities, perhaps a testament to Dalio's growing pessimism.