Times are tough for the average 60/40 investor.
While a split between stocks and bonds once indicated a diversified portfolio that could handle a wide variety of external shocks, tariffs and economic uncertainty have made fixed income less of a hedge against volatility.
“Long-term US bonds have recently failed to protect against equity downside, both in early April as tariff escalation caused major concern about US economic governance and recession risk, but also last week when long-term US borrowing costs jumped on fiscal sustainability worries,” Goldman Sachs analysts wrote on Wednesday.
Goldman Sachs
…
