The old 60/40 safety net will fail if the next market shock is global inflation

The article warns that the traditional 60/40 stock/bond portfolio is increasingly vulnerable if the next shock is global inflation. Persistently high inflation and rising rates can make bonds poor portfolio protection, since inflation can hurt both equities and bonds simultaneously. Markets felt that stress last week as oil rose above $100/bbl, 30‑year Treasury yields hit multi‑decade highs, and risk assets wobbled even as the S&P 500 pushed near record highs. Crypto was hit hard: Bitcoin slipped below $75,000 (touching $74,344) amid ETF outflows and leverage-driven selling, triggering $917 million of 24‑hour liquidations (about $371M in BTC and $261M in ETH). The piece frames this as a cautionary market commentary for investors relying on bonds as a shock absorber in an inflationary regime.