Sebastian Mallaby @scmallaby · 29 Aug 2026
“The 60-40 [portfolio] was designed with hedging in mind,” says Torsten Slok, chief economist at Apollo, a global asset management firm. “The challenge is that today the 10 biggest stocks make up 40% of the S&P 500. In other words, most of the returns for the last 5 years in the https://t.co/DjMpToNwzt
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