The reason why we see 4% YoY now is mainly due to April ‚20 beeing super low; not ‚21 super high. This is the anomaly.
If you truly think that the US would experience a stable 6% Inflation; not just one blip but truly a few months or even quarters at that scale. This implies 20-30% loss on Bonds and Real Estate and 50%+ Loss on Shares. If so, you should NOW move into Cash in a hard currency (aka CHF, SGD, AUD, NZD, JPY) and wait.
As a ketchup inflation builds up, Cash will imitially lose its value slower than any assets with a duration (aka Bonds, Real Estate, Stocks). So wait in cash until we found a new base aka a stable inflation level; and post this immediately switch over into Assets with Duration, preferrably shares as they can better deal with the inflation over the long term.
Mr Market is always right. So the early signals to watch out for are massive flows out of Assets into Cash. If this happens, then we can become super worried. Until I see this; I hold to my believe that we are (unfortunately) still far away from material and lasting inflation levels…