Why 2008 was EASIER than 2022:
--> In '08, the US 10yr started at 4% and finished at 2% in a DEFLATIONARY environment.
So US Treasuries provided a SAFE, LIQUID HEDGE.
This is the BIGGEST market in the world & the biggest part of a 60/40 portfolio:
$TLT +32% vs $SPX -38% over 2008