It’s been a rough start for the year in the stock market. To find a worse performance through the end of April, you have to go all the way back to 1970.
It’s also by far the worst start to the year for the bond market, going back to 1990 (h/t Jim Bianco).
This has been a painful environment, to say the least. It’s not the depth of the declines that are hurting, it’s that it’s happening in s…
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