I'd agree that moving into bonds for a while is a good idea here. I'm especially putting money into T-Bills as we're getting around 4.7% for a 26 week T-bill right now. The more bullish will say that we have bottomed out and the Fed is going to stop raising rates and start dropping soon, but given today's strong jobs report I don't see them dropping rates any time soon. And this credit card debt info (and auto loans defaults are up as well) makes me want to continue to be cautious about stocks.