SPR isn't the only thing in drawdown lol, down 49.5% since the beginning of 2022. Oil. Pffft. Who needs it, right?
Long term bond investors are getting killed, if any are left still standing. The article linked says most fixed income investors have gone ultra short.
Meanwhile the personal saving rate, which includes monies being socked away in retirement accounts, has plunged to 2.7% in June 2026. A prosperous people saves. Ours is doing something else.
Imagine being down 6.7% per year for five years straight in the "safe" part of your portfolio, or even 1%, when inflation has been raging at 4.5% on average. Real return is far, far more negative.
Here:
... The iShares 20+ Year Treasury Bond ETF (TLT), for example, has posted an average annual return of negative 6.7% over the past five years, while its 7-10 Year Treasury Bond ETF (IEF) has posted an average annual decline of 1%. ...
