What to do when the US is approaching or is already in stagflation?

https://sg-stock.blogspot.com/2025/01/will-us-fabricate-its-gdp-growth-for.html

As reported, 90% of the fund managers expect the US to remain in stagflation (see above).  How are we supposed to invest during the stagflation period??

Let's take a look at the Merrill Lynch investment clock below.

According to the investment clock diagram, it is best to hold cash during stagflation so that we can have the ammunitions to invest in bonds in the reflation period.  Alternatively, you can invest in utilities during the stagflation period and cash out when stagflation has ended.

If you've invested in oil and gas during the overheat period, you can still hold on to your investments in the stagflation period.  However, you can invest in pharma & staples during the stagflation period and hold them till the reflation period.