"Market goes down in a deflationary environment and up in an inflationary one." is a vast oversimplification to the point of being misleading. You need only look at the 2008 to 2020 timeframe, as I earlier indicated, to see a time where the exact opposite was true.
I get the underlying idea you've got, I just don't think it's accurate. For example, the current draws on credit we're seeing by companies like Boeing are purely defensive. They're basically drawing on credit while they still can in anticipation of it getting tighter, at least for them. That's the opposite of an inflationary signal. There's literally nothing in the underlying economy at the moment that argues for inflation and lots of things that argue against it. Bottom line question, were you around in 2008 for the first QE and were you claiming we'd see rampant inflation then as well?
). Sold it 5 years later still at a loss. On the flip side I started putting money back into equities at the same time 10% of my portfolio a month and did pretty well off the whole deal. So there's a lesson in there somewhere, for me personally at least.