The Death of the 60 40 Stock Bond Portfolio

We think that we may be back now to what is considered more normal. I've seen a lot of headlines this year about the death of the 60 40 stock bond portfolio. When your stocks stink, your bonds are supposed to hold up. That's why they're there. We might be looking at something more like three in a year or so. And that's still a positive cost of capital. It's a better starting point for both.