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Chris Joye talks nonsense on bonds

October 12, 2018 - 16:18 -- Admin

Via Chris Joye today: Supposedly smart investors argue there is a long-term negative correlation between fixed-rate bonds and equities that means you should allocate to the former to protect against losses in the latter. As the experiences in February, September and October demonstrate, this presumption is totally wrong. Equities have been smoked while the Composite

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