Graph of downward trending stock market No matter where you put your money as a developed-market stock investor in the first three months of 2018, chances are you probably took a loss. (Photo: iStock)

(Bloomberg) –The question facing investors as they enter the new quarter probably isn’t where to find the biggest gains. It’s more likely how to avoid the worst losses.

Both the American benchmark stock gauge and the Bloomberg Barclays U.S. aggregate bond index just posted a three-month loss for the first time since mid 2016.

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