So many investors in the stock market today have only ever known the steady bull market from early 2009 until 2021. For them, they idea that a simple buy-and-hold S&P 500 index strategy will deliver healthy double digit returns, year-in year-out ,is (was) pretty much internalised gospel.
Brave New World…Well, the world is changing fast in 2022. The U.S. 2-Year Treasury just hit 4.2% yield today, the highest in 15 years! The 10-Year yield has crept up to 3.7%. At some point the reward/risk profile of U.S.
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