Ray Dalio Wall Street stocks will take a 20% hit

  “I estimate that a rise in rates from where they are to about 4.5% will produce about a 20% negative impact on equity prices,” 

Behind this prediction is the Bridgewater Associates founder belief that the market is severely underestimating where inflation will end up — at 2.6% over the next 10 years versus what he sees as 4.5% to 5% in the medium term, barring shocks.

MarketWatch 15 September 2022

https://www.marketwatch.com/story/ray-dalio-says-watch-out-for-rates-hitting-this-level-because-wall-street-stocks-will-take-a-20-hit-11663239288