Last Chance To De-Risk?: Possibly Seek Dividend Yield Where Earnings Are Safe

Equities rally on trade-talk hopes (again): Another opportunity to reduce risk. Tariffs are taxes: but more damaging than the tax revenue suggests. Fed likely cuts 25bps on September 18: possibly more cuts if October and December tariffs occur. Possibly seek dividend yield, but make sure the earnings are safe. Mean-reversion based strategies: no help this cycle, adds to uncertainty