Great chart by @GoldmanSachs
Yield changes and equity returns are non-linear.
That's why a 60/40 portfolio offers essentially no diversification at all in a world of rising inflation expectations and sovereign risks.
Got portfolio insurance?
Yield changes and equity returns are non-linear.
That's why a 60/40 portfolio offers essentially no diversification at all in a world of rising inflation expectations and sovereign risks.
Got portfolio insurance?