Crude oil is the mother of inflation. The crude oil price range will shift from 60-70 to 70-80 in the long term, making the probability of rate cuts very low! Without rate cuts, valuation multiples across various assets will decline! In the worst case scenario, if the U.S. gets dragged into a prolonged ground war and experiences a great depression, regardless of which situation occurs, holding cash is the best choice!!!!

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