The only real way to hedge against a US downturn while remaining long-term bullish is to buy out-of-the-money puts on the S&P or NASDAQ, because if the market rises you still profit on the portfolio and only lose the premium paid.

normativepending

Speaker

Steve Eisman

Evidence Quote

the only thing you could do is buy out of the money puts on the S&P or NASDAQ

Source

Big Beautiful Bill, Write-Off Revolution & Tariff Tempest — The Friday Market Wrap!Steve Eisman
Created: 6/18/2026, 2:31:55 PM

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