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Asset Markets Will Decline up to 25% According to Bridgewater’s Greg Jensen – BBG

2022.08.25 19:54

Asset Markets Will Decline up to 25% According to Bridgewater's Greg Jensen - BBG
Asset Markets Will Decline Up To 25% According to Bridgewater’s Greg Jensen – BBG

By Sam Boughedda

Greg Jensen, the co-CIO of Bridgewater Associates, speaking to Bloomberg on Thursday, said markets are not pricing in the Federal Reserve’s continued rate hikes, and he sees equities dropping significantly.

Jensen told Bloomberg Television that “in aggregate, the asset markets will decline from 20% to 25%.”

When asked if the market is prepared for what Fed Chair Jerome Powell will say tomorrow, Jensen stated that “most people know the Fed is going to be describing their tough dilemma that they’re going to have to keep raising rates despite the fact that the economy is slowing.”

“It’s slowing at a very high level, but it is slowing,” added Jensen, who also explained that it is bearish and the current market and economic conditions will make it a “tough road for assets.”

Furthermore, Jensen explained that the Federal Reserve’s quantitative tightening and rate increases will drive inflation and economic growth lower but that inflation will, unfortunately, be “more stubborn.”

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