Stock Markets Today: 60/40 debate, French election, UK strikes, unstable crypto – Bloomberg
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Get up to speed with what markets are monitoring
Good morning. The future of 60/40 investment is at risk, Macron’s centrist alliance losing grip, flashes from the past for UK and big swings continue for Bitcoin. Here’s what people are talking about.
Wall Street pros are famously still at loggerheads over the fate of the trillion-dollar 60/40 complex — only this time the balanced investment strategy is posting losses on a scale that’s shocking even its biggest critics. The time-honored method of allocating 60% to equities and 40% to fixed income has plunged about 14% so far this quarter. That’s a worse quarterly showing than in the depths of the global financial crisis and during the once-in-a-century pandemic rout, according to data compiled by Bloomberg. Markets are also bracing for high prices that US Treasury Secretary Janet Yellen sees sticking through 2022.