Final Cut Pro is slow all of a sudden
Using a 2020 MacBook Air with M1 chip, Final Cut Pro is slow all of a sudden. Any little change (pause, move clip, fast forward, etc.) in the timeline I get a spinning beachball lasting 2-15 seconds. With hundreds of these little moves in any hour, more than half of my time is spent waiting. I feel as though I'm missing something. Not using an external hard drive. Library is 300mb total. Background rendering is off. Using optimized media. I would greatly appreciate your help! Below is my etrecheck report:
MacBook Air 13″, macOS 13.2