$BTC - Bullish on Bitcoin due to a global easing cycle, which typically benefits risk assets. This view is supported by the broader macroeconomic environment and central bank policies.
$VOLATILITY - Bullish on volatility due to a shift in macro cycles, moving from selling volatility (Warren Buffett style) to being long volatility, influenced by central bank interest rate control.
$BTCMINERS - Bullish on Bitcoin mining stocks due to a change in valuation methodology that now applies a 2x multiple to the Bitcoin holdings on miners' balance sheets, potentially leading to higher valuations.
$SMALLCAPS - Bullish on small-cap stocks due to the Federal Reserve maintaining an easing stance despite inflation concerns, suggesting a more accommodative environment for smaller companies.
$HIGHYIELD - Bullish on high-yield bonds due to the perception of a new credit cycle beginning, implying improving credit conditions and potential opportunities in the high-yield market.
$CRYPTOEQUITIES - Bullish on crypto-related equities due to ongoing developments in the space and potential catalysts that could lead to higher valuations.
Bearish:
$SHELTER - Bearish on shelter inflation component due to real-time data suggesting lower inflation in this category than official figures, implying potential overestimation in official shelter inflation data.