Everyone was eager to put 2020 behind us, yet the Covid hangover lingers.
Dysfunction in Washington is amplifying market volatility and exposing investors to unacceptable risks. Those who adhere to traditional 60/40 portfolios are foregoing the necessary protection from a recession and the bear market that will follow.
The last month has been a particularly choppy one for markets, with the CBOE Volatility Index (VIX) spiking more than 80% during October. It’s clear the combination of rising interest rates, mounting trade tensions and looming recession fears are setting in.