source avatarTan Gera, CFA

Share

This week's Macro Letter takes apart the 60/40. It rests on one assumption. When stocks fall, bonds rise. That held for 40 years because the shocks were growth shocks. In an inflation shock it runs backwards. Yields rise, bonds fall, and equities get hit too.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.