I wasn’t paying attention yesterday, but the portfolio moved more than 10% in its SPY and TLT composition. Bond volatility is rising, and maybe more importantly, the correlation with stocks is rising too. Based on my prior rule, I should have rebalanced yesterday, but didn’t get a chance to do so until until today (I wish I had, as bonds continued to fall). Anyone watching the portfolio values on the blog should have seen the move happen live as the day progressed. On September 10th, 2019 the portfolio rebalanced to:
64% SPY , 24% TLT , 12% GLD