Ray Dalio's Bridgewater Associates hedge fund said to be bearish on financial assets

The world's largest hedge fund has made the astonishing claim that it's bearish on almost all financial asset classes, according to the website ZeroHedge. "We are bearish on financial assets as the U.S. economy progresses toward the late cycle, liquidity has been removed, and the markets are pricing in a continuation of recent conditions despite the changing backdrop," Bridgewater said.