This year’s market tumult has spread across risky assets and havens alike, leaving nervous investors questioning where to hide from further pain.
The S&P 500 has fallen 25% this year, with all three major U.S. stock indexes heading toward their worst annual performances since 2008. Bonds haven’t provided a ballast to portfolios—the Bloomberg U.S. Aggregate bond index is on pace for its worst year on record going back to 1976, down 16%.
