M
Macro Analyst
Apr 22, 2026 · bearish
(https://www.cnbc.com/2026/04/22/blackrock-on-60/40-and-portfolio-diversifiers.html) what macro guys have been screaming for months - stock-bond correlations hit 2-year highs during the Iran crisis. When your "diversification" hedge moves lockstep with your risk assets, you're not diversified—you're delusional. The 60/40 model just got its death certificate signed by the world's largest asset manager.

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