> selling equities and buying bonds

There's an intermediate option: sell high P/E stocks and buy lower P/E stocks with dividend paying history. There are ETFs designed for this purpose too.

That is also what I read in going risk averse.

In particular bulking up in EM, EU, and small cap. And slimming down in us large cap.

Uhhh...you're describing something like QAI? [0] And you're going to short a portfolio of TSLA, NVDA, AMZN, META, GOOGL, MSFT, AAPL, NFLX, AMD...?

That's crazy.

[0] https://finance.yahoo.com/quote/QAI/

I am indeed short TSLA (or rather, am taking an inverse position), and have greatly reduced my exposure to NVDA, AMZN, META, MSFT, and AAPL. I keep some exposure to GOOGL, NFLX, AMD, because I believe they are going to "win" in their industry in the long run. I plan to keep exposure to them for like 10+ years.

I have a blog post about the inverse TSLA position here: https://bagelpour.wordpress.com/2025/11/30/taking-an-inverse...