$OIL - Bullish on oil due to long-term supply issues and ongoing geopolitical tensions, which are expected to persist and impact the market.
$GOLD - Bullish on gold for the long term (10-15 years), with a specific strategy of buying gold calls rather than outright long positions.
$BTC - Bullish on Bitcoin, expecting it to capture some of the demand traditionally associated with gold as a store of value.
$STEEPENER - Bullish on steepener trades, expecting significant moves, especially if central banks attempt to 'twist' the yield curve, which could lead to increased inflation.
Bearish:
$SPX - Bearish on the S&P 500, expecting a 30-40% decline from peak to trough, with the initial move likely to be particularly painful due to low borrowing costs and unprepared investors.
$SMALLCAP - Cautiously bearish on small caps despite their underperformance, due to concerns about their domestic focus in a potentially unfavorable U.S. vs. international market dynamic.