- Speaking from Davos, Ray Dalio said that the inflation rate going forward is likely to be 3%-3.5%, and that a 4% bond yield is therefore probably not attractive enough.
- Dalio mentioned that markets do not appear to be cheap, and that he does not believe geopolitical risks are priced in.
- However, Dalio did not recommend holing too much cash, but rater stains invested in a “neutral portfolio.”
