I check DepositAccounts website routinely to see if any my credit unions are running any good short-term certificate deals:
https://www.depositaccounts.com/blog/
NFCU seems to have some decent deals. Current deal from NFCU on DepositAccounts:
15-month Certificate Special, 5.00% APY, $50 min/$250k max deposit, limit one per member, additional deposits at any time, available through April 30, 2023.

Russel Kinnel (Morningstar) picks 20 funds meant as long-term investments.
Link

My taste buds are very blue collar, so I'll take a good beer over any of that hard stuff. Add a dozen Buffalo style wings with blue cheese on the side and I'm in heaven.
But back to the topic. No drastic changes for me. I'll sit at about 45-50% equity. I did start adding to my gold ETF, IAU and I've been giving a lot of thought to taking a position in PRPFX. Haven't owned it since 2010ish. (@hank, do you still own that one?)
Also started buying some of the best companies in the world, Microsoft, Amazon and Google. Not huge amounts. They may go lower in the short term, but they haven't been valued at this price in a bit.

We can have turmoil and crisis but if it will not last for months-years, the global financial system will collapse. If you can't trust MM in Vanguard, Fidelity and Schwab we have a bigger problem. A real crisis would lead to big stock+bond decline, and shutting down trade. We had already
www.investopedia.com/articles/economics/09/money-market-reserve-fund-meltdown.asp
The most important, what should you do now? I don't see any good solution and the ones you think are good, may hurt you even more.
But, if you insist on being afraid, maybe you should buy gold and fill your basement, or maybe you can build an underground stand alone bunker and get all the power from the sun + fill the bunker with food and guns.
It makes me smile when investors worry about something with low chance of happening, AKA, shut down the global financial system...
But, have no problem holding to stocks and losing 20+% at the bottom, or when bonds lose over 10%...all happened in 2022.

Why are you not buying broker CD/Treasury? Fidelity treasuries pays 4.8% for 6 months (https://fixedincome.fidelity.com/ftgw/fi/FILanding) and you don't pay state tax.
Can I trade back and forth with CD/Treasury? it's inconvenienced.
Can I buy several hundreds thousands of I-bonds? I can't.
This is why I use MM and trade anytime I want.
Do I want to own ST vehicles after bonds had one of the worse years in decades in 2022? Absolutely not. I said already in Nov 2022 that bond funds have a good chance to make 10+% and many of them, several % more.
I basically see bond funds as more of a sure thing in 2023 than stocks + much lower volatility.

@sma3 And I could provide any number of charts like this one below explaining why there are government pension short falls and large amounts of debt because we are borrowing from the wealthy and thereby increasing our federal and state debt instead of taxing them to pay for government services. This one below is just for income tax, but you can see similar downward trends for estate taxes, corporate taxes and capital gains taxes. There was even one year, 2010, when there was no estate tax at all because of legislation passed previously in the Bush era. I believe the Yankees George Steinbrenner died that year and his heirs were pretty lucky--financially that is.
The size of the debt and who owns it also goes a long way in explaining why we will not default on Treasury bonds. Despite their grumbling about government workers, wealthy investors want us to keep borrowing from them instead of taxing them to pay for workers pensions and healthcare. And how is healthcare an "enormous perk?" Other nations provide it for all of their citizens whether they work for the government or not:

@LewisBraham
for future reference
https://www.usdebtclock.org/# ( has a separate clock for each state)
Also lists Medicare and Social security deficit, but I am unsure where those numbers come from.
While this is a bit off topic, the debt burden for state employee unfunded pensions and health care obligations are enormous and could make the debt ceiling fight look like a minor squabble, because it will pit "haves" vs "have-nots" and states cannot print their way out of it. Some "red states" are seriously affected.
https://www.pewtrusts.org/en/research-and-analysis/articles/2022/07/07/states-unfunded-pension-liabilities-persist-as-major-long-term-challenge
"After New Jersey (20.2% of personal income), unfunded pension obligations were highest in Illinois (19.4%), Hawaii (18.0%), Alaska (16.3%), and New Mexico (15.7%)."
Kentucky is 15.2 % South Carolina is 11%, Mississippi 14% . ( this does not include health care costs)
I completely agree that even successful CEOs ( and for that matter even non-profit hospital CEOs) pay etc is morally outrageous at thousands of times the average worker's salary.
However, I find it offensive when a state government ( CT is the state I know the most about) establishes a protected class of workers ( ie Unionized public sector employees) and endows them with wildly enormous benefits and perks ( out of proportion to their contribution to society) that are unavailable to private sector employees, and then requires private sector employees to pay for these benefits. Afraid to increase taxes to pay for it, the legislature then runs up enormous debt for future generations ( in CT's case about $70,000 per citizen in a state with a declining population).
Both political parties are equally guilty.
The same thing is true of the benefits that Legislators give themselves.

@crash
My fav is Lagavulin, but I will choke down McCallan if I have to.
Unfortunately, since Covid I have had to, as I can't find Lagavulin 16 anywhere

@Staycalm
Useful philosophical musings, but I have rarely seen concern for fairness in any policy making. There are many examples on both the right and the left. Lefties point to the tax structure etc but my favorite still has is the outrageous health insurance benefits (in CT work for the state for ten years, then quit and you still get lifetime health insurance!), retirement funds ( top 3 year average including overtime determines defined benefit) and high salaries a lot of state Government union workers continue to get, just for signing up ( and keeping) a job.
More to your point and what would happen in a default: I expect the reaction worldwide to an actual default would be so extreme that there would be little thought given to prioritizing in the days ahead who got paid with what was left.
After the Dow etc. drops 10000 to 15000 points overnight, ( and Gold goes to $5000 ) the debt ceiling will quickly be passed. Any legislator who votes against it will likely be run out of town.
@fred495
To take maximum advantage of the possibility, I would buy Treasuries and Gold, but be prepared to trade into stocks quickly. Other commodities necessary for survival will probably also skyrocket, although since most are priced in Dollars, hard to tell.
I don't think accumulating a month's worth of expenses in dollar bills is a bad idea either, or stocking up on canned goods and booze. I will certainly fill up my gas tank. ATMs and credit cards will probably not work very well.

Me, not worried at all, dip in various asset prices will be temporary at best.
Do you expect China & Japan selling their treasury bills cache? They hold more than 1 Trillion US$ worth of treasury bills each.
Saying - if you take a loan of say 100,000 US$- you are worried to pay but if you take loan of 1 Million, the banker is worried if it will get paid in time.

idiots in tx elected chip roy instad of wendy davis.
https://www.yahoo.com/now/let-fight-now-over-us-161106323.html

sma3 7:18AM
"Thanks to OJ, I bought a small amount of ASML"
I deny everything. I have no recollection of even being there. Someone else hacked my name. The Secret Service erased all my emails. I had been drinking and didn't realize what I was doing. Also, I take the fifth.

These cat-and-mouse games in DC are dangerous in that mistakes can happen, or something unpredictable happens.
2 examples:
In September 2008, when the Treasury and the Fed decided to let Lehman go, EVERYONE went to sleep thinking that EVERYTHING foreseen had been taken care of and those were controllable. But NOBODY saw that the next day a run on the Reserve Primary money-market fund would start because it was holding lots of Lehman paper, and cascading market event started. The US had to promise to the Europeans later not to let stuff like Lehman ever again.
In August 2011, EVERYONE (Congress, WH, markets) thought that crisis was over because the debt-ceiling was passed in the last hours of August 1 (the House) and August 2 (the Senate) and stuff was signed off by the President. But then came the S&P downgrade of the US out of the blue on August 5, and the crisis spilled all over.
Stuff like this can happen when things are taken to the brink thinking that things will work out every time.

@Observant1 +1 That analysis of the consequences seems correct. The U.S. has the largest most important securities' markets, and those markets are based off the "risk-free" rate of T-Bills. Every bond issued is priced at a certain spread above T-Bills or other Treasury bonds. If T-Bills somehow fail, everything else fails with it. Spreads on bonds would widen enormously, and equities would get crushed, too, especially U.S. equities as investors would lose faith in our nation. Yet I would maintain that despite the current political situation, this is a highly unlikely scenario. I think there will be brinkmanship, pushing things to the edge to make demands, but not going over the edge to actual default.

"it would be catastrophic to cause a government default, and no party wants to be responsible for not approving a budget to prevent that."
But it's not a question of a "party" approving a budget, is it? It's the reality of some twenty anti-government nihilists who want nothing more than to bring the government, as it now exists, completely to it's knees; and who have nothing but contempt for the mainstream Republican party.
That small group of anti-intellectual subversives could care less about the economy or anything else. That was clearly demonstrated on January 6, 2021, and hasn't changed one bit. Trump didn't invent these people, but he certainly used them to his own ends.

+1. I get Bloomberg TV LIVE on -air on my Roku-equipped television. No cable needed. When I watch WSW and Real Yield, I watch on my computer with the ad-blocker. I like that.

Thanks @yogibearbull for clearing it up. My limited perception came from looking at TAIL. Supposed to hedge against volatility. Didn’t help me any when I held it early in 2022. Just looked and it’s down 10-11% for past year. As LB noted for me way back, the bond holdings were what was hurting it. But interesting nonetheless with all the volatility now.

BTW, gold volatility GVZ has collapsed as physical gold and gold-miners have moved up quietly. Remember, when gold is near highs or lows, its volatility will jump sharply. It has been in the news that many global central banks have been accumulating gold for diversifying their reserves.
https://stockcharts.com/h-sc/ui?s=$GVZ&p=D&yr=1&mn=0&dy=0&id=p69180341751

Some are looking for crash-level VIX of 45-80 before the bear market ends. IMO, VIX remains elevated; it was elevated throughout 2022.
VIX of 21.13 means daily SP500 volatility of +/- 1.11% most of the time and +/- 2.22% or +/- 3.33% some of the time (in the next 30 days).
For VXN (Nasdaq Comp) of 26.96, that means +/- 1.42% most of the time and +/- 2.82% or 4.26% some of the time.
That is plenty of volatility.
MOVE is more relevant for bonds and that is also elevated.
https://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=1&mn=0&dy=0&id=p88970521030