While I don't think this is the end of the cycle by any means, it's important to understand short-term positioning as well. Right now, the VIX has been smushed and HY Credit Spreads are putzing around lows. Be sure to take some chips off the table here. The weird quant/systematic unwinds can come at anytime on a headline and then you'll have your chance to add but short-term it feels a little frothy in certain sectors of the mkt.