Bonds and stocks are falling at the same time. Both are down 9-11%. No protection from bonds in this rising rate environment. Energy, commodities, real asset, pm, and alternatives are doing better but they are volatile.
This week the Fed is meeting and will hike the rate again. Most likely it will be 50 bps.

Just finished reading it. I also recommend reading all of his articles since he came on board.
I don't have much in bonds. But I am still under -10% YTD due to long time positions in dividend payers, dividend growers, value, infrastructure, utilities, and consumer defensive.

I think Coke Red Cap - Regular, Black Cap - Zero, While Cap - Diet
https://media.gettyimages.com/photos/argentina-buenos-aires-coke-display-at-convenience-store-picture-id982745384?k=20&m=982745384&s=612x612&w=0&h=K-rb-zcIW0GoFMgARZntFN8qInnfyCplRGe4PkDDwX4=

Sometimes a picture’s worth 1,000 words. What possible reason could these 90+ year-olds have for investing other than that they must enjoy it very much? While Buffett chastised the gambling atmosphere, Munger tore in to Robinhood.
Interestingly, the WSJ mentions that Buffett is finding value in pockets of the market today and has been spending down some of Berkshire’s big cash horde. Contrast that to the heightened note of scepticism presently among much of the investing public.
It’s a little more subtle than “not liking what they’re seeing.” Yes, they think retail investors are behaving irrationally. At the same time, this has created inefficiencies in the marketplace that has left some assets undervalued and allowed Berkshire to snatch up bargains.

There is also May 25 US deadline (unless extended) when all dealings with Russian payments (in dollars or rubles) for the US investors will stop except upon specific licensing. https://uk.finance.yahoo.com/news/russia-faces-increased-risk-of-default-as-key-us-sanction-exemption-expires-in-may-171159894.html

Remember flash-crashes? There was one in Europe that was blamed on an error by Citigroup/C.
https://www.cnbc.com/2022/05/02/european-stocks-market-trading-after-wall-street-selloff-uk-closed.html

Not saying I agree, but worth reading to stay informed of the different viewpoints if you have a subscription: https://barrons.com/articles/recession-inflation-fed-soft-landing-51651183401?mod=hp_LEAD_1
The basic premise here is this:

It seems there are two realistic scenarios for how the coming months play out. Both end with recession. Either the Fed sufficiently fights inflation or it doesn’t, the latter resulting in the stagflationary combination of high prices and slow growth that inevitably leads to a worse recession.

Keep expectations reasonable. USFR is a portfolio that will lag in rate hikes for now; there is 15-bps ER drag too. Just buying 3-mo T-bills at Treasury Direct or brokerages (commission-free), and roll-repeat, should get 0.83%+.
https://stockcharts.com/h-perf/ui?s=USFR&compare=RPHYX&id=p59078190966
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates&field_tdr_date_value=2022

Fixed rate 0.00%
Semiannual inflation rate 4.81%
Annualized I-Bond rate 9.62% for purchases between 5/1/22-10/31/22.
https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm

A lot has been written on allocation/balanced portfolios/funds. They have been declared dead and/or born again. This year has been especially difficult as both stocks and bonds have suffered (some bonds have suffered more than some stocks). If you have held them, options include tax-swaps in taxable accounts (for recent purchases) and/or adding to them little bit knowing that the worst may not be over. A recent development is the multi-asset funds that add some alternatives into the mix, so they become stock-bond-alternatives funds (example FMSDX, etc); the stocks are more aggressive, bonds have more HYs and/or EMs, and alternatives may include commodities and/or hedge-fund like strategies.
Well, @Devo has done a deep dive into the history of typical 60-40 portfolios and has some future ideas on them in MFO 5/1/22. There are several interesting tables but they are not images that can be linked here with the Image-tool, so you will have to check them out in the link blow.
https://www.mutualfundobserver.com/2022/05/to-win-today-embrace-powerlessness-and-dive-deep-into-the-portfolio/
Good compilation again, @David_Snowball. https://www.mutualfundobserver.com/issue/may-2022/

update (see table for reorganization of Chartwell funds):
https://www.sec.gov/Archives/edgar/data/1697268/000158064222002380/chartwell497.htm

Overnight pop in the futures - currently up by a half percent or so. Agree they can’t be relied on. However, ISTM that limit orders placed over the weekend & intended to grab off something on the cheap at Monday’s open may not work. My (possibly errant) understanding is that stocks may not open at Friday’s close and, instead, will reflect the effect of off-hours trading in their opening price.
EDIT Stock futures remained strong overnight, but weakened around daybreak (East coast). May well open in the red. And gold …. continuing to fall. Well below $1800 this morning.

There is no deadline for I-Bonds. Apr 29 was the last day to get a guaranteed 8.37% for the next 12 months. I-Bonds bought in May have rate visibility for the next 6 months but not for the 6 months after that. New rates can be computed in October 2022

Just bought $10K of Treasury I Bonds last week. My spouse now wants to buy $10K for her account but seems deadline passed. Seems there’s another auction in six months or so but wondering if I can buy more now or is buying period closed until later next Fall? Or is there another similar inflation-hedged Treasury bond available for purchase now? Thanks.

+1.

Mark,
FTEC holds (as of 3/31/2022) over 40% in its top 2 largest holdings - AAPL and MSFT.
ONEQ holds 22% it its top 2 holdings (also AAPL and MSFT).
But yes, FTEC has outperformed ONEQ. Choose your poison, I guess.
I've also started throwing money into EDOW as well (even though ER is higher at .50%). It equal- weights the Dow 30 stocks. It fit my low PPS requirement, as it trades just below $30 per share. Its my 3rd largest "index" type ETF, complementing both SPLG and ONEQ.
Well, that's the plan for now. Market volatility is my friend.

Thanks @yogibearbull. I should have looked closer. With the top 10 holdings nearly identical (except for #10) and comprising roughly 50% of each ETF I didn't expect the rest of the holdings to exhibit that much sway.
FTEC follows even a different index (MSCI USA IMI/INFOR TECH 25-50 NR) maybe the 3 are hardly comparable. Or is this the game of "If You Can't Compete Against Your Index" make up one of your own.

@Mark, ONEQ follows Nasdaq Comp ($COMPQ), QQQ follow Nasdaq-100 ($NDX). Differences may be due to sampling errors, higher for ONEQ than QQQ.
https://stockcharts.com/h-perf/ui?s=ONEQ&compare=$COMPQ,QQQ,$NDX&id=p59796619787

“So the market has not bottomed yet.”
There’s a 99% chance that’s true. “The market” may not bottom for many months or years yet. If someone has a reliable indicator that will signal the exact bottom, please share. Better still, if someone can announce that one day ahead of time, it would allow us extra time to begin aggressive buying. :)
Now - if you thought a certain fund was worth owning or buying 5 or 6 months ago when it was 10-15% more expensive than today, wouldn’t you love to buy more at today’s 10-15% discount? Or were we blindsided back than - completely unaware that inflation was rising, Russia had designs on Ukraine and had already annexed Crimea, and interest rates were absurdly low and would surely need to rise some day?
Here’s an article from the NYT dated December 4 saying that Russia appears to be preparing to invade Ukraine. https://www.nytimes.com/2021/12/04/us/politics/russia-ukraine-biden.html

@sven. +1