A switch from monetary policy, to fiscal policy, could drive a reversal of the market's 'duration dynamic'. In essence, short-duration assets will materially outperform. To best prepare, you want exposure to low-leverage, highly cash-generative, under-earning, equities with significant cash balances. Sectors like financials, capital equipment, energy, commodities, will likely be beneficiaries of such an environment. Those that benefit from rising rates should benefit at the expense of those that benefit from falling rates. In this longform, I explain what duration is, and why it's about to become an important trading strategy.