As everyone I am trying to manage this difficult environment...I thought I was fairly conservatively positioned but when bonds were selling off, that really got me.
As I am looking for alternatives, I was thinking maybe getting into some foreign currency hedged US index fund may mitigate some issues for me. For example, JPY hedged Nasdaq 100. It would fix Nasdaq 100 nominally to JPY thus mitigating US dollar weakening issue as well as it could may even help if US inflation lifts US stock nominal value. Of course if US inflation gets really out of control then hedging cost of such fund may get really expensive... ignoring that for the minute, please point out any faults in my logic other than fundamental valuation issue of US equities at the moment.