Despite strong stock returns in 2019, better than expected corporate earnings, and the lowest unemployment rate in 50 years, there are several areas of uncertainty across financial markets today. The most recent flare-up of tensions between the U.S. and Iran following an airstrike conducted by the U.S. in Iraq that killed Iranian general Qasem Soleimani demonstrated that volatility can re-enter markets. Whether the volatility is brief or lasts for a longer period driven by increased uncertainty, investors are well-served by positioning portfolios to hedge potential risks. Leaving politics aside, the death of Soleimani