hedging

Some institutions have already boosted exposure to defensive assets, volatility hedging and cash buffers, expecting broader sentiment swings.

Behind the scenes, though, Ellison was hedging his bets.

Foreigners are hedging holdings against the dollar, pushing it lower.

Investors haven’t lost their appetite for risk in that new world—the AI-crazed stock market is at records—but instead are hedging their bets with investments not denominated in weakening dollars.

When it comes to hedging bets, OpenAI just placed a big one of its own.