Cleared out, all long positions in US stocks have also been cleared out, entering a mode of shorting on rallies. Optimistic investors will not leave; after a sharp decline in all asset prices in the next one to two years, there will be a slow and weak rebound until energy is exhausted and finally bottoms out.

The impact of high tariffs has just begun, and the focus to consider is no longer making money but rather personal safety issues. Think about which area within your capabilities is most likely to survive a nuclear war that may break out in the next 20 years.