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Stock prices look expensive and inflated: Billionaire investor Ray Dalio

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Hedge fund founder Ray Dalio says top-momentum names could be hit hard if the 10-year yield continues to rise.

Dalio stepped down as CEO of Bridgewater Associates in 2017 and handed over control of the firm in October 2022 .

The investment veteran, with an estimated net worth of $14 billion , is no stranger to making against-the-grain markets and economic calls.