Not at this time, unfortunately. You're not the first to ask for this, and without making any promises on an ETA, we're eager to implement it.
In the meantime, I'm afraid the best option is to go old school and have the captions (i.e., titles) between the clips like in silent movies. Which in turn pretty much requires using a melodramatic piano tune for your soundtrack ;-)
Please, add subtitles and Clip will be perfect and the easiest tool for many situations!