After a dismal yearly performance in 2022, the traditional portfolio of 60% stocks, 40% bonds rebounded sharply in January.
After the worst yearly performance ever in 2022 , the standard portfolio of 60% stocks and 40% bonds had a solid rebound in the first month of the new year. Such portfolios gained 6.2% in January, landing the performance in the 96 th percentile of all months since 1921, according to a Wednesday note from Savita Subramanian of Bank of America. The gain was just below the 6.3% total return of the S & P 500 in the same timeframe, recouping losses from December.
Risk factors were the best-performing style group, adding 13% on average, while momentum lagged, according to BofA. Bonds also rallied in January, sending long-term treasuries up more than 6.2% as yields dropped. Investment grade corporate bonds rose nearly 4%, and gold also jumped more than 6.2%. That's a drastic difference from last year, when both stocks and bonds fell, slamming investors who used the assets to balance their portfolios.
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