Market Insight in November

Is the market rally coming or just another bear trap?
The following US data will make the stock price very volatile:
2 Nov FOMC announcement
4 Nov Unemployment rate
8 Nov Mid-term election result
10 Nov CPI (consumer price index) data
Rally (bear trap) or crash (bull trap)?
As FED will continue to raise interest rate, stock prices are expected to fall further. However defensive stocks (food, energy, medicine etc) may turn green which is immuned to inflation. I predict that inflation will also fall further (but slowly) and global economy will enter into stagflation - economy contraction with falling inflation.
My investment plan
1. Increase in emergency fund
2. Put cash in stable and no lock-up cash fund or government bond $Fullerton SGD Cash Fund(SG9999005961.MF)$ $CSOP USD Money Market Fund(SGXZ96797238.MF)$
3. Diversify portfolio to more inflation-resilient stocks $First Solar(FSLR.US)$ $Reviva Pharmaceuticals(RVPH.US)$
4. Hold or buy more big tech or value stocks with sound fundamental and moat such as $Tesla(TSLA.US)$, $Apple(AAPL.US)$, $Alphabet-C(GOOG.US)$, $Microsoft(MSFT.US)$ as these stock price are cheaper now. Such investment is long term and will do it slowly, safely and selectively (3S) using DCA.
5. May do options when short term price rally or pull-back happens (more updates coming ).