09.04.2026 A positive stock-bond correlation is a terrible reason to add more equity risk
By Opalesque:

The stock-bond correlation, which was reliably negative for much of the 2000s, has turned positive in recent years. This shift has sparked a wave of advice urging investors to dump bonds and replace them with other asset classes.

Cliff Asness, Daniel Villalon and Antti Ilmanen of AQR argue in a post that most of this advice is not only wrong - it's actively counterproduct

Article source: https://www.aqr.com/Insights/Perspectives/A-Positive-Stock-Bond-Correlation-Is-a-Terrible-Reason-to-Add-More-Equity-Risk-to-Your-Portfolio - Opalesque is not responsible for the content of external internet sites
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