It seems like everything goes in the same direction, and a lot of people are treating any type of investment the same way they treated real estate before 2008, thinking it always goes up. Stocks, crypto, real estate, and commodities all have different stories but seem to move in the same direction. At the same time, markets feel pretty sensitive to macro and policy news. Inflation is not really gone, rates and the Fed are still a question mark, and even things that are supposed to hedge risk seem to move with equities when things get shaky. Considering all that, how can someone hedge their portfolio?