How to trade record S&P 500 before it reaches bull market limit

There is more than enough focus on Wall Street about what the Fed will do next , and Friday's weak nonfarm payrolls report will add to expectations for a rate cut. But maybe there is not enough planning among investors about what they should do to preserve the hefty gains embedded in market portfolios since the April low gave way to a new S&P 500 record. A rate cut is typically seen as a good thing for stocks, but a weakening labor market is also a sign that broader trouble for the economy could be ahead.

Global equities are at all-time highs, 401(k) and IRA millionaire account numbers have surged to their own record, flows into equity ETFs are picking up, and investor sentiment data is getting "a little hotter," according to Strategas Securities' technical strategist Todd