Historically, it has made reasonable sense for retirees to have a sizable allocation to bonds.  A minimum of 40% was certainly not uncommon.  The logic behind this was that retirees regularly draw from their accounts and are less comfortable with the enhanced volatility that stocks can at times provide.  The supposedly steady income from the...Read More

It appears that the United States and China have tentatively reached a partial agreement on trade.  Basically, the U.S. would pause further tariffs, while China would agree to agricultural concessions among other things.  Markets have rallied on the news, with stocks moving materially higher and bonds dropping, meaning yields increasing.  I think this is clearly...Read More