Click here to download the PDF version of the newsletter. In This Issue: Back In Balance Recent rate adjustments have breathed new life into the bond market. Although 2022 was a down year for both stocks and bonds, 2023 presents an opportunity for the traditional 60/40 asset allocation to bring added value to your portfolio […]
Will This Bull Ever Tire? The Effect of Rising Yields on Asset Allocation
For the first time in a decade, the 2-year Treasury yield has met and exceeded the S&P 500 dividend yield (see Figure 1). Why is this significant? It is significant because as bond yields edge up, fixed income allocations become more attractive to investors. Thus, stock returns can be dampened by what appears to be a […]
