$EQUITIES - Equities are expected to perform well in an environment of easy monetary and fiscal policy, with the current market bubble likely to persist until there's a meaningful tightening of financial conditions by central banks.
$GOLD - Gold is expected to perform well in an environment of easy monetary and fiscal policy, similar to stocks.
$GLOBEASE - Global easing is expected to continue and potentially benefit markets, with current conditions being much better than past crises despite similar levels of easing.
Bearish:
$BONDS - Bonds are expected to underperform in an environment of easy monetary and fiscal policy, especially relative to stocks and gold.
$CREDITRISK - There are significant risks associated with leveraging credit spreads at tight levels, with potential for sudden market reversals based on past experiences.
$FXCARRY - FX carry trades pose significant risks, with recent market events causing challenges for traders in this space.