$EQUITIES - Bullish on US equities due to ongoing stock buybacks, which are expected to continue removing a significant amount of money from the market annually.
$GOLD - Gold is showing a strong chart pattern compared to other asset classes, suggesting potential for upward movement.
$EM - Bullish on emerging markets, particularly Latin America, due to cheaper valuations, better demographics, growth characteristics, and inflation protection through commodity production.
$AI - Bullish on AI due to its potential for massive productivity and innovation spikes, as well as its geopolitical importance in the global 'AI race'.
Bearish:
$EQUITIES - Bearish on US equities due to concerns about economic deceleration, treasury supply pressures, and potential downside risks.
$USD - Bearish on the US dollar due to its inability to strengthen despite factors that should be supportive, such as geopolitical conflicts and rising oil prices.