The pain may not be over for investors, but genuine value is being restored, government bonds are mitigating risk again, and the chief risks aren’t derailing the system’s functioning.

Obits for the traditional investing approach may be premature, according to a newsletter for Vanguard investors.

No “summer lull for volatility” in bonds expected.

To hedge against rising rates and inflation, move to cash and gold.

Firms with over $1 billion are making big bets in fixed income, foreign exchanges.

It doesn’t mean going all in or out but rather tweaking allocations in response to telltale signals.

With bonds slumping, a record amount of money is pouring into exchange-trade funds focused on big dividend payouts.

Economists warn that the world economy is at risk of slipping into a recession.

It is highly unusual for both fixed income and equities to perform so badly at the same time, but inflation has flipped their correlation to the same direction.