With markets down, I would expect stocks to rise. I would think balanced funds will need to trim fixed income positions and buy equities to balance. The recent uptick could be partially attributed to this.
I have read a few articles about it in the past, but I don't know the exact rules/guidelines that Funds or ETF's with an allocation mandate follow. I hold ZUT and VRIF. No mutual funds. Like you, I don't follow bonds either.
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