In this current Macro condition, would you hold cash, wait for bottom/ride the uptrend, or DCA now with a falling knife? (I know DCA has its benefits but its not always optimal to “blindly” DCA)

The essence of DCA is with a falling knife and blidnly follow for years. Please understand the features before asking thanks

I will do two things:

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1. Hold on to more cash in saving account just in case of recession and retrenchment. I plan to hold around 12 months of salary worth.
2. Continue with DCA. You really cannot predict anything in this highly volatile market condition. So I will just do my regular DCA regardless of market conditions, not pumping more or less amount for the DCA.

To me, never hold too much cash else the winner will be the banks. If one are of low risk appetite, can always go for bonds or vehicles offering high interest especially in the current high interest climate

Currently DCAing a lower amount into value stocks rather than simply QQQ or SP500