Long Term Investors - Is There More Downside in the Market?

High yield junk bond yields are now north of five%. That's a lot higher than they were just a month or two ago. So does that then mean that there is more downside in the market? Because i can find returns and payouts that are higher up on the capital structure than equity investors. The 60 forty portfolio, during the course of 20 22, has had one of his single worst years in decades.