You're making this sound more complicated that it is. Correlations, random walks, backtesting, strategies, rebalancing, kelly criterion, have nothing to do with

You're making this sound more complicated that it is. Correlations, random walks, backtesting, strategies, rebalancing, kelly criterion, have nothing to do with this. Bonds give you cash later. Cash loses value over time. Stocks give you a participation in the best companies in the world. Bonds versus S&P I know which one I'm holding. Good luck with your thing.