I realize market timing is not popular on this forum but given the current market turmoil it may be worth a look.
The most downloaded paper on the Social Science Research Network is about market timing and it says investors should be 100% in cash. The strategy by Mebane Faber, co-founder of Cambria Investment Management is pretty simple: Investors should buy when a security’s monthly price is higher than its 10-month simple moving average and sell when the price is less than the 10-month simple moving average. The article has comparison graph between this strategy and the S&P 500 along with drawdowns. Here is the link to the Bloomberg article
The Most Downloaded SSRN Paper EverÂ*Is All About Market Timing - Bloomberg Business