As we endure the 2nd major correction in equities this year, the performance of yields on UST suggests something has changed. Instead of falling sharply when equities swoon, yields went sideways, chart @michaellachlan @FT t.co/loZDrUag7q pic.twitter.com/4lLzF5cFu7
— ACEMAXX ANALYTICS (@acemaxx) October 31, 2018
“No place to hide” — Dual breakdown in stock and bond prices has upended investors’ traditional safety tool kit
Traditional investment portfolios of 60% equities and 40% bonds have fallen 3.5% in October and are down 1.5% this year, on pace for a rare annual loss that has only been seen during volatile periods in 1990, 2001 and 2002, said Luca Paolini, chief strategist at Pictet Asset Management, which manages $191 billion. Even investors who are heavier on fixed income would still be in the red, with allocations of 75% bonds and 25% equities falling more than 2% this month to drag their performance down 1.3% for the year.
GLASS HALF EMPTY
— OW (@OccupyWisdom) October 31, 2018
Thought you might like to see what the $SPX chart of quarterly candles looks like through tonight's close.
— OddStats (@OddStats) October 31, 2018
Eurozone 🇪🇺slowdown, deeper and worse than expected.
Remember: Until two weeks ago most of consensus saw this slowdown as “temporary”.
It is not. pic.twitter.com/n5beS4uzur
— Daniel Lacalle (@dlacalle_IA) October 31, 2018
China, China, China…. pic.twitter.com/DnppTagJYe
— M/I_Investments (@MI_Investments) October 31, 2018