Losing 5% Was Best You Could Do in Stocks and Bonds This Quarter
- Investors had few places to hide amid Fed hike, Ukraine war
- A model of 60/40 portfolio fell for first time in two years
This article is for subscribers only.
War, inflation and the lingering impact of a global disease made the first quarter a historically rough one for stock and bond investors.
Across equity and fixed-income markets broadly, the least-bad performance among U.S. assets were declines of 4.9% in the S&P 500 and speculative credit. They were followed by a 5.6% fall in Treasuries and a 7.8% slide in investment grade. Not since 1980 has the best return among those four categories been so paltry, data compiled by Bloomberg show.