$GOLD - David is bullish on gold, citing aggressive central bank buying, particularly from China. He believes gold is in a secular bull market and projects a year-end price target of $3,000-$4,000.
$SPX - David is optimistic about US equities, expecting the S&P 500 to end above the consensus estimates of 6300-6400.
$EUDEF - David highlights the strong performance of European defense stocks, noting a specific ETF that has seen significant gains this year.
$SCBANK - David sees potential strength in small cap banks within the broader small cap universe.
Bearish:
$UST - David expresses a strongly negative view on bonds, particularly US Treasuries, considering them poor investments in the current market environment.
$SCAP - David has a negative view on small cap companies, citing that a large percentage of them are unprofitable.