By David Nelson, CFA
I've got some good news and bad news.
The good news is: stocks, bonds and gold exhibited high positive correlation last week all moving higher giving most investors something to cheer about after a rough start to the month.
The bad news is: stocks, bonds and gold exhibited high positive correlation showing the next downturn may give investors few places to hide.
If yields are close to a floor which is certainly a point of debate, what happens if we lose the strong counter balance bonds offer equity investors? Tactical is certainly an option as most tactical programs will eliminate asset classes as they move into negative trends. Gold is always a good standby and finally hedged equity can…
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