Let's say US inflation gets stuck at 3.5% but unemployment rapidly rises to 5%. The Fed is in a tough spot. How would you position a multi-asset portfolio in this environment, and what specific asset class would you aggressively short?

假设美国通胀停滞在3.5%降不下来，但失业率迅速攀升到了5%。美联储进退两难。这种环境下你会如何配置跨资产投资组合？你会大举做空哪类资产？