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How to hedge the overall market with several critical events just around the corner

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Mike Khouw lays out a put spread trade on the SPDR S&P 500 ETF trust.

The upcoming month is a crucial time for the stock market, with a series of events that will make an impact. They come at a time when valuations are rich for equities. I'll discuss a market hedge if things don't work out perfectly for the bulls. Equity market valuation metrics are financial ratios and indicators used to assess the value of a company's stock relative to its earnings, assets, sales, or other key financial measures.

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