I understood what he said, that doesn't mean he wasn't talking in circles.
He talks a lot but rarely says much of value.
Beyond the noted cliches, he says a lot of "I don't know where we are." He also says things that contradict what his assistants say.
He's either being purposely obtuse and vague which, depending on your position could be a good or a bad thing.
Or he really doesn't know, which, again, depending on your position could be either good or bad.