インフレーションの懸念に取りつかれて、S&P 500 銘柄をあきらめて、持たないことは
良くないようです。2000年以降でインフレーションの時で良いパフォーマンスを出して
いたものと悪いパフォーマンスを出していたものが以下になります。

Best And Worst Assets During Inflation

Asset	Inflationary return*	Representative ETF	Symbol	YTD % Ch.
Oil	41%	United States Oil Fund	(USO)	69.2%
Emerging market stocks	18%	Vanguard FTSE Emerging Markets	(VWO)	1.8%
Gold	16%	SPDR Gold Trust	(GLD)	-6.0%
Cyclical stocks	16%	Invesco DWA Consumer Cyclicals Momentum	(PEZ)	14.9%
U.S. small cap stocks	15%	iShares Core S&P Small-Cap	(IJR)	20.4%
TIPS	13%	iShares TIPS Bond	(TIP)	0.5%
High-quality stocks	12%	iShares MSCI USA Quality Factor	(QUAL)	14.6%
Growth stocks	12%	SPDR Portfolio S&P 500 Growth	(SPYG)	16.8%
Developed market ex U.S. stocks	12%	iShares Core MSCI EAFE	(IEFA)	7.8%
Defensive stocks	10%	Invesco Defensive Equity	(DEF)	12.2%
U.S. large cap stocks	10%	SPDR S&P 500 ETF Trust	(SPY)	15.7%
Value stocks	8%	SPDR Portfolio S&P 500 Value	(SPYV)	14.7%
High-yield fixed income	5%	High Yield	(HYLD)	0.2%
Investment grade fixed income	-5%	Vanguard Total Bond Market	(BND)	-3.3%
Emerging market fixed income	-8%	iShares J.P. Morgan USD Emerging Markets Bond	(EMB)	-5.7%

 Sources: Wells Fargo, IBD, S&P Global Market Intelligence YTD through Oct. 13, * - based on periods of inflation post 2000