Stocks and bonds both get clobbered this time. Here's what's behind the double whammy

September 25, 2022
A screen on the trading floor displays the Dow Jones Industrial Average at the New York Stock Exchange in September. Stocks have kept falling since then and hit their low for the year on Friday.

Stocks are down more than 20% this year. Usually when that happens bonds hold their value. But right now both are down sharply, hurting retirees and people saving for college in 529 plans.

(Image credit: Andrew Kelly/Reuters)



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