With all of this in mind, he thinks investors should pick the spots that will benefit from spending. Beaulieu suggests owning stocks that will benefit from good consumer activity and mild inflationary pressures, such as companies in the consumer staples, discretionary and real estate sectors. Commodities, like oil and gas, also tend to be more profitable in inflationary environments, he said.
By the end of 2018, though, and definitely into 2019, investors should get much more conservative in their portfolio. Own one of the more defensive stocks, such as utilities or staples, or companies that pay a dividend above or in line with the rate of inflation, he said. Bonds, unless they're held to maturity, are a risk as their prices fall when rates rise, he added.
Knowing that his predictions tend to come true, Beaulieu made sure that his own portfolio was set up to withstand any market shocks.
He won't say how much money he moved out of equities, but he did put stops on some of his stocks last year so if they fell too far, they'd sell automatically. Beaulieu also bought real estate in order to own some uncorrelated assets.
"We wanted to reduce the downside pressure on the stock market," he said. "So we put on the breaks."
— By Bryan Borzykowski, special to CNBC.com