Where I would invest $10k

I would generally put my money in companies with strong cashflows, supported by market and sectoral dynamics, as they will be the ones that can better weather the storm.

While we support a transition to green energy, it will take some time to eventuate. In the interim, we will still have to depend on fossil fuels to power our homes and economy. To benefit from surging coal demand and prices, Whitehaven Coal is a stock to watch; its shares are trading at record highs in anticipation of another record profit. Other counters to consider include BHP, New Hope Coal and Coronado Global Resources.

On the ASX, many players in the soft commodity space are agriculture companies, as well as those that support agricultural activities, such as GrainCorp and Elders. Other agriculture-focused names include Costa Group, Nufarm and Incitec Pivot.

Where defence is concerned, given its overlap with the technology space, it may be a little risky to invest into specific companies. Instead, I would take a diversified approach to this by investing in exchange traded funds, such as the iShares US Aerospace and Defense ETF or SPDR S&P Aerospace & Defense ETF. On the NASDAQ, which features larger, more prominent cybersecurity enterprises, look out for companies such as CrowdStrike Holdings and Palo Alto Networks.

Besides equities, I would also consider investing in the US dollar. As the global reserve currency, the US dollar continues to hold strong against its peers. As the most yielding global currency right now, there is an opportunity here to park some cash as we brace for further volatility.