Bridgewater Goes Bearish On China Amid Concern Over Retail Investors

As a rash of corporate concerns are reporting earnings, and China is increasingly being used as the excuse de jour by the likes of Caterpillar and Illinois Tool Works to spin faltering earnings, Ray Dalio’s Bridgewater Associates is switching its opinion and piling on the increasingly popular China bear case train. As previously reported in ValueWalk, on June 4 Bridgewater first indicated the Chinese economy was in a “risky economic transition” in presentation slides reviewed by ValueWalk. Then in a July 2 note to investors, ValueWalk reported that Dalio and his crew penned a piece that was constructive on China….