It May Be Time To Buy This Hedge 或许是时候买这个对冲

The US stock market is bullish as evidenced by capitals coming out of US Treasury and precious metals and going into stocks lately. Positive developments on US/china trade talks and easing monetary policies from US Federal Reserve and the European and Chinese Central Banks also are helping. As major market indexes are ready to make all time high, the 2X fear gauge ETF TVIX is approaching all time low. However, even though US stock market making all time high looks likely but it's not a guarantee. Any unforeseen negative news will usher in market sell off.  Today's Apple price target drop by Goldman Sachs is such a risk. At this extreme and critical point of the stock market, it may not be a bad idea to buy some protection. TVIX (13.21) has dropped 45% since its high of 24.11 on August 15. TVIX is a good hedge since it moves big when it reverses.

近期美国国债和贵金属的被抛售而资金进入股市是美国股市看涨的明证。美国联邦储备委员会以及欧洲和中国中央银行推行宽松货币政策及美中贸易谈判方面的积极发展都对美股有帮助。 在主要市场指数正准备创建历史新高之际，2倍恐惧指标ETF TVIX却接近新低。 然而，即使美国股市看起来很有创新高的可能，但这不是一个保证。 任何不可预见的负面消息都会引发市场抛售。 今天高盛下调苹果价格目标便是这种不可预见的风险。 在股市的这个极端和关键点，购买一些保护性对冲可能不是一个坏主意。 TVIX（13.21）自8月15日的高点24.11以来已下跌45％。TVIX是一个很好的对冲，因为它在逆转时会大幅上涨。