How Much Downside Do You See From Us Stocks?

We're still kind of hunkered down into this sort of boring portfolio because we think that earnings risk is still there. Those tend to be more defensive sectors like health care, things like consumer staples. And then once we feel like it's priced we're going to see some big shifts from us and what we're recommending to do is going to be something much more aggressive than what we're doing right now. How much downside do you see from here for us stocks? So it depends on what's going to stock but we'll just use S&P terms. We're in print saying we think it could be somewhere between 3,000 and 3,300. I think in a minimum though