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BOND has dropped an average of 0.5% every week since May Day. Now negative for year and below 200 SMA for first time since its inception. Fortunately, not much distribution last week, despite the decline. I will keep off-loading bond holdings as decline continues. Updated YTD performance and timing plots below:
Thanks Charles. While I don't pay a lot of attention to bonds (anymore anyway:-) have noticed the recent decline seems to be taking its toll among some very good conservative hybrid products like TRRIX and RPSIX. Am sure there are many others - but just follow these. While they aren't supposed to track stocks, the gap in underperformance compared to equity funds is now wider than I can recall in many years. I also commented recently on another conservative fund, HSTRX, which is down substantially YTD - probably a poor choice for comparison, as the manager also plays around a bit in gold and utility shares - but thought it interesting nonetheless.
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Here's a good link http://news.morningstar.com/fund-category-returns/
U.S. Large Cap Value +17% YTD
Conservative Allocation +3.5% YTD