MOVE is back above 100 again. The macro impact is bigger than expected, so it's still necessary to reduce leverage and cut positions in high-level assets. On the other hand, if the market absorbs the macro impact, the pessimistic setup could quickly reverse. Keep the positions you are most optimistic about for when the market moves up. Kind of feels like I'm repeating myself, but the truth is, when it drops a lot, buy quality assets. But it might still drop a bit more.