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Ray Dalio Warns U.S. Equities May Deliver -5% to -10% Real Returns Over the Next 5–10 Years

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2026-06-20 16:09:09
Ray Dalio said U.S. equities could produce real returns of about -5% to -10% over the next 5–10 years. According to NS3.AI, Dalio attributed part of the risk to market concentration in a small group of large, AI-related companies.

Dalio said investors should avoid excessive concentration and instead build portfolios that are well-diversified and balanced for risk.
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