$GLOBALDIV - Recommends increasing global diversification in portfolios due to expected changes in global economic dynamics over the next 15 years.
$GOLD - Suggests considering gold as a diversification tool in portfolios, along with TIPS, as part of a broader strategy for managing currency exposure and risk.
$BONDS - Suggests potential for bond price recovery based on the self-defeating nature of bond market movements compared to stocks.
Bearish:
$USECONOMY - Predicts slower growth in the US economy due to the mechanics of resolving large trade deficits through compressed demand.
$USD - Suggests potential dollar weakness as US economic exceptionalism ends due to policy changes.
$EQUITIES - Suggests investors are likely to reduce US asset allocations due to current overweight positions relative to a reasonably diversified portfolio.