'Sleep like a baby' portfolio on pace for best year since 1933 - BofA

Bank of America analyst Michael Hartnett said the classic 50/50 “sleep like a baby” portfolio—evenly split between stocks and long-duration bonds—is tracking one of its strongest years in modern history and is on pace for its best performance since 1933. The commentary underscores strong risk-on breadth in equities (S&P 500) alongside resilient bond returns, reinforcing a bullish backdrop for balanced allocations. Market participants may view the note as validating continued exposure to U.S. equities while keeping bond ballast, supporting demand for S&P 500 exposure. Short-term price data in the article shows SPY around 709.41 (up 0.14%) and TLT near 86.48 (down 0.08%).