(BLOOMBERG) How much to hedge in a market that doesn’t seem like anything can stop it? It’s the eternal question (and of course something will stop it). In that gap between optimism and caution, a handful of defensive signals have emerged in recent weeks—a tilt toward more downside protection in equity options, fresh inflows into cash and gold products, and a pullback from leveraged long exchange-traded funds. Bears are outnumbering bulls among retail investors, according to the latest survey from the American Association of Individual Investors, while a record 91% of respondents in Bank of America’s survey say US stocks are overvalued. Uh oh.
https://finance.yahoo.com/news/the-...xpect-mortgage-rates-to-follow-113631022.html The Fed is expected to cut rates. Don't expect mortgage rates to follow.