By Cody Willard, MarketWatch
The stock market has continued to rally, and suddenly this week, for the first time in months, there’s been some warming in what I call The Great Trade War of the 21st century.
Chip stocks have rallied right back to recent highs, the small-cap index has been on fire and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% even snuck in an all-time trading intraday high this week. Still, that doesn’t mean it’s clear sailing.
I’ve mentioned recently that I’ll probably remain lighter on puts/hedges. I suppose that can change, but for now, I’d probably look only to add some puts/short hedges on IWM /zigman2/quotes/209961116/composite IWM -0.57% SPY /zigman2/quotes/209901640/composite SPY +0.45% and maybe the IGV /zigman2/quotes/201870252/composite IGV +2.16% , if you’re looking for more protection.