Despite the recent pullback, the valuation of the US stock market relative to GDP is still at near record levels, rivaled only by the Dot Com era circa Y2K. The US Treasury yield curve is nearing inversion at the 1-year and 10-year levels, which has often served as a warning sign of recession.
In light of this, I will allocate a majority of my portfolio to Savings Accounts/ Short Term CD's, which are offering a competitive rates relative to recent history. I will consider a reallocation of capital as opportunities arise in other asset classes. - Jake