After yesterday’s drop, the global market rout from previous months’ highs is as follows:: -22.3% : -33.4%: -20.7% -13.3%. The S&P 500 index shed 58% (more than twice the current drop) The last two bear markets have several similarities but never identical paths: 2001, 2008, 2022 (April) In every one of these bear markets, we noticed the importance of owning bonds below 6-7 years, as the longer the bond duration, the sharper the drop. There is no perfect formula, but there must be a strategy that you believe in and will stick to, especially when declines can undermine an investor’s confidence, Charlie Bilello says. . . .
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