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Earlier in the day, Dalio told CNBC that the current business cycle was in seventh place and predicted that it would take about two years to run.
The co-chairman and co-chief investment officer of Bridgewater Associates warned that investors should be "more defensive" in the stock market and that "over time" he sees the risks increase.
Art Hogan, chief market strategist at B. Riley FBR, said it's "too easy" to use sports analogies in an economic cycle, noting that there are so many things that can "cause a rain delay".
"It can be … policy mistakes, that monetary policy becomes too aggressive at the wrong time in the cycle, fiscal policy that stimulates what we did not expect and the third is trade policy," he said. declared. "
Hogan said that he was particularly concerned about trade and China. While Dalio said he was not "a big problem," Hogan said he thinks the problem is getting worse.
In fact, even though he thought that once the deadlines approached, there would be good news on the trade, he now has the impression that there was an escalation in the cycle Meme it elections.
"It only aggravates this problem and I think it will weigh on the global economy," he said.
President Donald Trump has targeted what he calls unfair trade practices around the world, particularly difficult against China. The latest US $ 16 billion Chinese goods tariffs were put in place last month and were followed by US $ 16 billion retaliatory tariffs on China.
Trump threatened Friday to hit China with $ 267 billion of additional tariffs. China has sworn to answer.
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