With the current bull market already the longest on record and increasing concerns over a looming recession, investors may be particularly interested right now in hedging the equity risk in – or “crisis-proofing” – their portfolios. But what defensive strategies are the best? A recent paper “analyzed the performance of a number of defensive strategies, both active and passive, between 1985 and 2018, with a particular emphasis on the eight worst drawdowns (the instances where the S&P 500 Index fell by more than 15 percent) and three U.S. recessions (8 percent of the full period).” For what the authors found, CLICK HERE.