In my humble opinion, the best approach to markets right now is probabilistic with the hedging of tail risks.

On the one hand,  the investor/speculator needs to consider an environment where everything appreciates nominally while the economic fundamentals largely deteriorate. Consider, for example, the famous chart of the Zimbabwean stock index, which substantially appreciated in nominal terms. In my estimation, the best names to own in such a situation are energy (viz. oil, natural gas, and uranium), and to a lesser extent commodities, base metals equities, and gold/silver equities.

On the other hand, consider an environment where aggregate demand collapses as a result of ideosyncratic jurisdiction-specific circumstances.  In this scenario, one would want exposure to volatility,  and to be short both junk bonds and major tech companies.

Consider also how these forces may countervail each other (eg the nominal appreciation versus a collapse in aggregate demand).

With the vagaries of market forces hedged, I believe one should be able to manage to muddle through.  The best investments will always be your health, your spirit, your family, your friends, your farm, and hard commodities in your possession.  Hedge your wealth and liberty .  Consider the situation where you and/or others are locked out of your/their financial institution for an indefinite period of time.