Equity and debt. In 2000, 2008 and Covid, bonds all heavily rallied while stocks were selling off. That's the reason the 60/40 stocks/bonds portfolio is the cor

Equity and debt. In 2000, 2008 and Covid, bonds all heavily rallied while stocks were selling off. That's the reason the 60/40 stocks/bonds portfolio is the cornerstone of modern portfolio management. Historically one tends to hedge the other, cushioning pain on the way down. 2022 is unique in that both stocks and bonds have simultaneously nosedived in a synchronized a fall. We've had worse equity selloffs. We've had worse treasury selloffs. But together, this year has been historically unprecedented bad performance for the 60/40 portfolio.