There hasn’t been a real credit crisis yet, just some early signs. Even if it does break out, it’ll probably take about a year or so. At times like this, my personal strategy is to buy the dip gradually and increase my position step by step, while hedging with a 1x short. By managing my position size, I ensure I stay in the game while controlling downside risks. I also make sure to keep at least 30% of my funds idle. Of course, doing nothing and waiting for a clear signal on the right side is also fine. The current credit risk isn’t guaranteed to materialize. If the Fed changes its approach in the second half of the year and starts aggressive rate cuts, it might be avoided. Another option is to go long on gold and short credit ETFs. This is also what institutions are doing right now. If you want to play it safe, just follow the institutions’ moves.