Moore’s Louis Bacon Dials Down Market Exposure

The macro legend thinks the U.S. economy will slow and sees other problems on the horizon, according to people who know him.

Louis Bacon (Bloomberg)

Macro maven Louis Bacon has heavily scaled back his exposure to the financial markets.

The founder of New York–based Moore Capital Management is said to have very little risk on these days, despite the stock market’s snapback since mid-February from its early year sell-off.

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