Why the 60/40 portfolio is a worthy strategy even though stocks and bonds are weak

Give the benefit of the doubt to the classic 60% stock/40% bond portfolio. That’s not easy, given its awful performance so far this year. On Jun. 13, the day the S&P 500
officially entered bear-market territory by closing more than 20% below its Jan. 3 high, long-term U.S. Treasurys were sitting on an even bigger loss — down 22.1%, as judged by the Vanguard Long-Term Treasury ETF

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