Charts show little fear of a market drawdown. So now may be a good time to hedge

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Charts show little fear of a market drawdown. So now may be a good time to hedge
Markets,S&P 500 Index,CBOE Volatility Index

Todd Gordon lays out a way to protect your portfolio using a put strategy should we reverse lower.

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There are so many reasons to be cautious: Persistently high interest rates, political uncertainty heading into November, geopolitical instability and a stock market that is trading at a premium valuation according to some. And Wednesday we're looking ahead to unquestionably the most important earnings report of the first-quarter earnings season, Nvidia. Will the stock market correct lower heading into the back half of the year? Maybe.

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