"There is little reason to be overly aggressive in your positioning currently."
"Risk isn’t just something for the other guy to worry about. It is the nature of life itself. They can avoid it for another phase of the cycle but they can’t avoid it forever."
"We are in a bear market and a recession. It just hasn’t been announced ... yet."
"The 10 year UST yield has dropped from ~1.6% to ~0.8% in just 12 trading sessions."