Inflation is a portfolio killer for fixed income investors. And in 2022, with surging prices on gas and electricity and food, many folks are feeling the pain.
According to the latest data, price inflation in the U.S. hit another four-decade high in February as prices surged 7.9% compared with the prior year. And since that’s February data, before global Russian sanctions came down hard and disrupted commodity markets further, that’s a very bleak sign indeed.
What’s more, once-loved dividend darlings like Energizer Holdings (ENR), Clorox (CLX) and Ford (F) are all down 20% or more so far this year – while long-term bond funds like the iShares 20+ Year Treasury Bond ETF (TLT) are down 10% or more since Jan.… Read more