Turmoil in markets exactly one month from today: the warning of the super-investor

Bridgewater Associates founder Ray Dalio warns of market turmoil due to political conflicts in the US over debt and government funding. He identifies three critical dates: December 11, 2026, March 2027, and fall 2027, when struggles could reach a boiling point and undermine investor confidence in government bonds.

Bridgewater Associates founder Ray Dalio has issued a new warning to investors, marking three critical dates that could lead to turmoil in financial markets. In an article published this week following the US midterm elections, he warns that escalating political conflicts over US debt and government funding could drive up bond yields and erode investor confidence. Dalio points to three key dates: December 11, 2026, when temporary US government funding is set to expire; March 2027, when he estimates the federal debt will hit the debt ceiling; and fall 2027, when the Treasury Department may exhaust available measures to finance government operations. He says the battles between Democrats and Republicans are likely to be particularly fierce. Dalio warns that the risk is not limited to rising yields, and that concerns over liquidity and credit risks are expected to undermine confidence in US government bonds as the world's primary safe haven. The warning comes amid volatility on Wall Street and concerns over overpricing of AI stocks, persistent inflation, and uncertainty over interest rate policy.