Investing in a Disinflationary Environment?

When things go bidless, it's ugly. And right now you've seen that ugly and you've seen a little bit of rotation into tech,. I don't view that as a positive. But at the end of the day, when you have negative two GDP coming in the not so distant future, that profitless tech, nor tech, is going to survive this either. It's literally just one bomb blowing up after another, which is what Keith describes quad 4 as. That's what happens when you're in this disinflationary investing environment and just be extremely careful.