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Left For Dead, 60/40 Attempts Comeback
So far, 2023 has been kind to beleaguered 60/40 portfolios.
As discussed here at some length earlier this week, the restoration of a negative stock-bond correlation and the decline in US yields from the highs seen in February are a boon to balanced portfolios coming off the worst year on record for the simplest of simple diversification strategies. Bonds are struggling in May, but that's ok because big US tech is up nearly 5% MTD.
The biggest of big-picture debates for asset allocators is whet
