The author stopped following Ray Dalio's All-Weather Portfolio in 2020 due to concerns about its heavy Treasury allocations. They contend current market conditions — particularly interest-rate/yield dynamics — are materially different from the environment in which the AWP was designed, implying Treasury-centric allocations may no longer be appropriate for portfolio construction.
The author stopped following Ray Dalio's All-Weather Portfolio in 2020 due to concerns about its heavy Treasury allocations. They contend current market conditions — particularly interest-rate/yield dynamics — are materially different from the environment in which the AWP was designed, implying Treasury-centric allocations may no longer be appropriate for portfolio construction.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
