Is the 60/40 Portfolio Dead or Just Dazed?
• 2022 has dealt a blow to the 60/40 portfolio. While
losses in a 60/40 portfolio are not unusual, losses in
stocks and bonds simultaneously are unusual.
• Since 1928, with nearly 100 years of track record, the
60/40 portfolio has never had a negative return in any
• Diversification benefits of a 60/40 portfolio are not
dead, even if they are not working right now. Today’s
dislocations also offer opportunities for investors going