Is this like, a defined strategy? Saying something like “don't fight the fed” or “cash is king” doesn't really resonate with me, because the market is trading on expectations of what the FED will do in the future. If all signs are pointing towards the FED easing off rate hikes, wouldn't you expect those movements to be made before the FED came out and said “yeah we're done”?

The way I look at the market right now, its

1. Down 20% off its peak

2. Probably going to exceed that peak sometime in the next 1-10 years

So I don't understand why you wouldn't be at least start DCAing now. Yes you can wait, and maybe it'll go lower, but will you buy then? How exactly have you defined an acceptable “bottom” to start buying in at? Waiting for the “vibe” to feel right feels risky to me, because once those signs are clear I'd anticipate stocks to rise relatively rapidly. Yeah you can buy in on an upswing, but you're just as likely to sit there and think “nah this isn't it”, or come in late and miss out on a 5-10% gain (which is substantial when you're sitting on like 50-100k)

I feel like if you have a large cash position right now you already won. You didn't buy into the peak, the markets down substantially, why wait? How do you see this going for yourself? I'd take the win