Left for dead, the 60/40 strategy is about to make a comeback, says strategist 

Our call of the day, from LPL Financial’s asset allocation strategist Barry Gilbert, says it’s time to reconsider a beaten-down, but once-popular investment strategy.

“There deservedly was a lot of hand-wringing about the death of the 60/40 portfolio in 2022, a portfolio of 60% stocks and 40% bonds,” Gilbert wrote in a note. “What was most surprising for the 60/40 in 2022, of course, was how spectacularly bonds failed to play their traditional role as a portfolio diversifier in a down market for equities.”

While…