Inflation hedges are getting harder for individual investors to find

The search for havens from the worst inflation in four decades feels like it’s about to get a lot more real. The bad news is that the task isn’t looking at all easy or straightforward, at least for individual investors whose choices are confined to the standard asset classes and who rely on a traditional 60-40 portfolio mix of equities and bonds to weather the ups and downs of market cycles. If U.S. policy makers follow through on their aggressive tightening rhetoric, we could be in for some testing times.

The upsurge in U.S. consumer prices has long passed