This first half of the year was the worst for a balanced portfolio in decades, with both stocks AND bonds performing terribly. If there is any silver lining, it is that valuations have come down.

That might seem obvious if your investments are down, but that is not always the case. Sometimes, companies can start earning much less, so valuations stay high even in a down market. In this bear market, earnings expectations have held up reasonably well…

Staying committed to a diversified portfolio is difficult when one particular asset class consistently outperforms everything else for several years in a row.

That is what investors have had to deal with as growth stocks, particularly tech stocks, outperformed value 6 years straight…

The first quarter was a bumpy ride for both stock and bond investors as concerns around inflation and Ukraine led to increased volatility.

Whenever we are in a period of volatility and re-pricing in my asset classes, one of my favorite charts to review is this one by JPMorgan – which shows what average future returns have been based on current valuations…

Bonds, a typically safe and less volatile asset when compared to stocks, had their worst-performing quarter in decades. In fact, as of this writing in the first week of April, bonds are down nearly 8% from their highs.