US stocks up, bonds down — the classic 2024 divergence continues.
This is what happens when the Fed holds rates high and growth stays surprisingly resilient. Equities keep climbing on earnings momentum. Bonds get punished because yields aren't dropping fast enough.
The gap keeps widening. If you're 60/40, you're really just riding the equity portion this year. The bond side? Dead weight so far.
This won't last forever. Either growth slows and bonds catch a bid, or stocks finally care about valuations. But right now, it's all equities.
Don't chase. Don't panic. Just remember: diversification isn't supposed to feel good every single year. It's insurance, not performance art.
This is what happens when the Fed holds rates high and growth stays surprisingly resilient. Equities keep climbing on earnings momentum. Bonds get punished because yields aren't dropping fast enough.
The gap keeps widening. If you're 60/40, you're really just riding the equity portion this year. The bond side? Dead weight so far.
This won't last forever. Either growth slows and bonds catch a bid, or stocks finally care about valuations. But right now, it's all equities.
Don't chase. Don't panic. Just remember: diversification isn't supposed to feel good every single year. It's insurance, not performance art.
