$GOLD - Central banks are increasing their gold holdings as a hedge against traditional reserve currencies, suggesting potential upside for gold prices.
$EUR - European governments are increasingly promoting the euro as an alternative reserve currency, potentially strengthening its position.
$AITECH - Significant investment and growth in AI technology suggest potential opportunities in AI-related investments.
$BREAKEVENS - Potential for higher long-term inflation expectations due to fiscal dominance and Fed independence concerns.
Bearish:
$USD - The US dollar is expected to have a downside skew in the medium term, based on structural shifts in global asset allocation and diversification trends away from US assets.
$USTREASURY - Potential risks to long-term US Treasury yields due to fiscal concerns and Fed independence issues, suggesting possible higher yields (lower prices) in long-term Treasuries.