I’m personally invested for an inflationary environment. Doesn’t mean I recommend for everyone else. I’m a gold bug/inflation porn guy myself.
There is a rational devils advocate though. The markets took a multiple trillion dollar haircut last Feb/Mar. people had some 50T (I’ll let someone correct me if the have exact numbers) in stock market value in Jan and woke up one morning to it being worth ~25T. That’s a lot of fun coupons that disappeared “overnight”.
There is a reason why the fed did what they did. Deflation could have been huge.