John Llodra (New Harbor Financial) told buy-and-hold investors that the risk/reward setup for a traditional 60/40 stock/bond portfolio is worse today than at almost any time he can recall. The note is cautionary but provides no specific macro figures (e.g., yields/credit spreads) or portfolio changes, implying a sentiment-driven rather than data-driven market impact.
John Llodra (New Harbor Financial) told buy-and-hold investors that the risk/reward setup for a traditional 60/40 stock/bond portfolio is worse today than at almost any time he can recall. The note is cautionary but provides no specific macro figures (e.g., yields/credit spreads) or portfolio changes, implying a sentiment-driven rather than data-driven market impact.
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mildly negative
Sentiment Score
-0.25
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