$FX_VOL - Expecting significant increases in foreign exchange volatility, potentially reaching levels not seen in many years.
$ROW - Bullish on non-US markets relative to the US, based on analysis of fiscal spending trends and global positioning.
$BOND_VOL - Concerned about the long end of the US fixed income market, implying potential for increased bond market volatility.
Bearish:
$CORP_CREDIT - Shorting corporate credit in the short term due to expected stock market dynamics and increased supply.
$PRIV_CREDIT - Expecting significant problems in the private credit market, considering it a potential area for the next financial disaster.
$US_EQUITIES - Maintaining a bearish stance on US equities due to concerns about private sector credit creation being hampered by erratic policies, despite high fiscal spending.
$USD - Viewing the US dollar as significantly overvalued, aligning with expectations for increased FX volatility and potential policy shifts.