The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied on the 60-40 portfolio – named because it involves holding 60% of one’s assets in stocks, and the remaining…
Historically bad. That’s how the mammoth $ 53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that…
Read More “What the Fed’s biggest rate hike in decades means for the bear market in bonds” »
Americans hoping to take advantage of the greenback’s historic strength with a vacation abroad should consider booking sooner rather than later. After a stunning rally over the past year, the dollar’s stint at multi-decade highs may finally have come to an end. That is, if a handful of Wall Street strategists are to be believed….
Read More “Wall Street has an expiration date for the dollar’s epic rally” »
