New all-time highs in the S & P 500 have been welcomed by investors in the wake of the Federal Reserve going big on their first rate cut.
The SPDR S & P 500 (SPY) is up nearly 20% year to date, I want to spend some of my remarkable 2024 profits on downside protection in the event a breather to the rally or a downturn is imminent.
.SPX YTD mountain S & P 500, year-to-date Measuring risk is always a challenge, specifically when various headwinds exist at the same time.
Additionally, this is the richest valuation we have seen in quite some time with the S & P 500 trading at 24 times.
I will look to potentially buy the $591 call if we see a 2% move lower in the S & P 500.
Persons:
Jamie Dimon
Organizations:
Federal Reserve, CNBC, NBC UNIVERSAL
Locations:
U.S