By Blair Garner, CFA, CFP
It now appears that we are on the cusp of experiencing the 29th bear market in U.S. stocks since 1929, having entered bear territory today before recovering slightly prior to market close. At the same time, due to rising interest rates, we are seeing the first real bear market in bonds since the 1970s—actually, by some measures, the worst bond returns since 1842. That’s right; interest rates have been trending downward for nearly 50 years, and now they’re rising, which for most of us is a new experience.
