Stock Groups

U.S. stock market has not priced in economic slowdown yet

by Mike Robinson

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© Reuters. FILE PHOTO: Karen Karniol-Tambour, Co-Chief Investment Officer-Sustainability at Bridgewater Associates LP, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 14, 2021. REUTERS/Brendan McDermid

Carolina Mandl

NEW YORK, (Reuters) – Bridgewater’s Karen Karniol Tambour, chief investment officer for sustainability, stated on Thursday that the U.S. stock exchange has yet not priced in an economic slowdown.

She stated that profits are very high, and it seemed unlikely that they could remain at such high levels for so long,” she said to the crowd at the Sohn Investment Conference.

Karniol-Tambour says investors are only considering an increase in interest rates. However, the decline is 14.8% for this year.

She stated that “the market isn’t really reflecting an economic slowdown.”

Bridgewater, which Ray Dalio founded, has $150 billion of assets.

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