The head of the world's largest hedge fund said Monday the latest sell-off in stocks and bonds is evidence of typical market behavior in the later parts of a cycle and has come sooner than the firm expected. "What we are seeing is typical late-cycle behavior, though more exaggerated because the durations of investment assets (i.e., their sensitivities to interest rate changes) are greater," Bridgewater Associates co-chief investment officer Ray Dalio said in a LinkedIn blog post titled "We've just had a taste of what the tightening will be like." "Fiscal stimulation is hitting the gas, which is driving the economy ... (full story)