I would not bet on VIX and the upcoming volatility. There is nothing that could trigger fear in the market now with the known tariffs and TACO and the wars that are pretty status quo. The market is no longer responding to wars and tariffs and continue to march on.


I do not intent to hedge my portfolio yet. I prefer to employ the strategy of buying good stocks at good prices and portfolio management in terms of proportion of the various assets. I would prefer to take profit and reduce or sell off my position if I feel that the long term prospects is questionable or the risk is too high for the expected benefit. Also, hedging often requires knowledge of other tools and may cost more than the simple strategy of portfolio management.


I don’t think July-August will repeat the same pattern as last year. Trump is announcing new deals, China seems to be better managing its real estate problems and the multiple IPOs in HK would be helpful in pushing the market higher.