Thank you, stock market. But we’re friends with bonds, too. That is the mantra of U.S.-stock fund investors, who continue to be grateful that the market somehow is staying on its feet. But they and fund investors of all types continue to hedge their bets by turning to bonds—just in case the economy doesn’t recover as well from the pandemic lockdowns as hoped.

Source: Wall Street Journal August 09, 2020 13:52 UTC