Despite recent market rallies and the S&P 500 reaching all time highs, 60/40 portfolios are still getting SMOKED.
Yesterday was a terrible day for those still entrenched in Old Wall's ways. As CEO Keith McCullough wrote in today's Early Look:
"Imagine you’re still in an Old Wall 60/40 Portfolio?
A) That thing got smoked yesterday
B) That’s what happens when you’re still Long Duration Bonds (TLT) and consensus US Equities."
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