60% Cash 40% Shares, where to park the cash until the market significantly breaks the MOAT?

Supercell

With inflation being what it is I'd rather not leave my cash sitting idle but i believe a recession /depression is inevitable in the US where most of my funds are invested.

My 40% is in IT's and one stock (PERI) which I have high conviction in the long term, and given taxation on disposals i'm happy to let them sit.

For the remaining funds plus monthly additions where would you put them? I see degiro has bonds but I have no real understanding of how they work. I have read government ones are low risk but am not sure about taxation rules on disposal and how disposal actually works, do i have to wait until maturity for example and do i get paid interest along the way or only at maturity?.

I looked at warrants and they seem to be like buying options to a large extent, high risk but potentially high reward without the crazy high risk of selling options.

Any advice?

NB : For those unfamiliar with the term MOAT (Mother Of All Trends), it's what people are calling the red line.