Facts Do Not Square With Sensational Headlines…Tune Out the Noise


Billionaire Ray Dalio said his macro hedge fund firm Bridgewater Associates does not have a net bet that the stock market will fall.

A Wall Street Journal article published earlier Friday is “wrong,”

Mr. Dalio wrote in a LinkedIn post. “I want to make clear that we don’t have any such net bet that the stock market will fall.”

The WS-J reported that Bridgewater wagered more than $1-B on put options on the S&P 500 and Euro Stoxx 50 indices expiring in March. The newspaper said it could not determine whether the investment was a directional bet against the market or a hedge for other exposure the firm had to equities.

In his post Friday, Dalio added: “I believe that we are now living in a world in which sensationalistic headlines are what many writers want above all else, even if the facts don’t square with the headlines.”

He also took to Twitter.”The Wall Street Journal wrote an article that said “Bridgewater Bets Big on Market Drop.” It’s wrong. I want to make clear that we don’t have any such net bet that the stock market will fall,” he wrote in a Tweet. 

To convey us having a bearish view of the stock market would be misleading,” Mr. Dalio said 

MSI Final: The Key takeaway from the report is the acknowledgment that consumers aren’t anticipating sizable increases in inflation, unemployment, and interest rates, which suggests consumer spending activity should remain supportive for the US economy.

Friday, the major US stock market indexes finished at: DJIA +109.33 at 27875.53, NAS Comp +13.67 at 8519.88, S&P 500 +6.75 at 3110.29

Volume: Trade on the NYSE came in at 718-M/shares exchanged

  • NAS Comp +28.4% YTD
  • S&P 500 +24.1% YTD
  • DJIA+19.5% YTD
  • Russell 2000 +17.8% YTD

HefX-LTN’s overall technical outlook for the major US stock market indexes for the week ended 22 November 2019 is Bullish to Very Bullish

Investors will not receive any economic data Monday

Have a terrific weekend

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