Hedged Equity: For the Best of Times, For the Worst of Times

The last five years have bombarded investors with a seemingly never-ending array of challenges. A once-in-a-century global pandemic, an extremely toxic political environment, the highest inflation seen in a generation, the largest European war since World War II, and the end of the “free money” era are just some of the obstacles facing investors. Yet despite all these obstacles the S&P 500 is up almost 90% as of this writing.