Asset Allocation - Build Portfolio

How would you construct your portfolio nowadays given the latest trends?
I am looking for a good answer to this question.

I'm considering the inflation problem and the possible rate hike. The small cap doing great. Gold rising despite USD rising. Oil going to fall.

Aslo, what's the relationship between equity and bonds now? It seems like it losts the negative relationship so the portfolio should take that into account.

 

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