The Importance of Maintaining Liquidity

I still think you want to focus on maintaining a relatively short duration across both equities and fixed income, right? You want to own things that are going to return cash to you quickly. And because of the inversion in the yield curve, which remains fairly steep, you're getting paid a lot of excess return to hold some of the safest assets out there. But given that the market does look a little bit off sides here, I think focusing on hitting singles and doubles and playing it relatively close to the chest continues to make a lot of sense at least in the short to medium term.