Where should I invest to hedge against the stock market going down?
If you believe the stock market will be down 20-30% in the next few months, sell your stock holdings, buy a protective put option for the value of the holdings that you want to keep. That would be hedging against it. Anything more is speculating that the market will fall.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Where should I invest to hedge against the stock market going down?

### Response:
If you believe the stock market will be down 20-30% in the next few months, sell your stock holdings, buy a protective put option for the value of the holdings that you want to keep. That would be hedging against it. Anything more is speculating that the market will fall.