Wednesday links: taking risk off the table

MarketsChip stocks are off their highs. (axios.com)Options volume is back to Covid-era highs. (wsj.com)Concentration is not just a U.S. phenomenon. (mrzepczynski.blogspot.com)EarningsCorporate profit margins are at record highs. (axios.com)This bull market is an earnings story. (chartkidmatt.com)StrategyGiven the run in equities, your portfolio may be out of balance. (awealthofcommonsense.com)By this measure, it's time to think about rotating into bonds. (mrzepczynski.blogspot.com)CompaniesFrom one conglomerate to another. Berkshire Hathaway ($BRK.A) increases its stake in Bending Spoons ($BSP). (cnbc.com)Why Skydance ($SKYD) shares are down big. (variety.com)Stay in touchWork in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)ConfictWhen civilian airports become targets. (buttondown.com)Foreign workers are at risk at Russia's oil refineries. (nytimes.