You may have noticed a series of articles appearing throughout the year lamenting the demise of the classic 60/40 asset allocation strategy. This investment philosophy calls for portfolios to be composed of 60% stocks and 40% bonds. In theory, this asset class diversification should shield investors from the downside.
As rates have risen and the economy has stalled, there’s been no safe place to hide for investors (short of cash, which, until recently, hasn’t offered much of anything in terms of interest).
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