Our markets team has put together a list of what bankers say you should — and shouldn’t — do when markets crash. One thing traders did yesterday was rush to insure their portfolios against an extreme market crash. In an echo of the chaotic period at the start of the pandemic, a defensive strategy often known as Black-Swan hedging was suddenly in vogue, with the Cambria Tail Risk ETF, an actively managed exchange-traded tail-risk fund, jumping 4.5% for its best day since March 2020.

https://www.bloomberg.com/news/newsletters/2024-08-06/five-things-you-need-to-know-to-start-your-day-americas?cmpid=BBD080624_MKT&utm_medium=email&utm_source=newsletter&utm_term=240806&utm_campaign=markets