$BANKRUPTCY - A significant increase in business bankruptcies is expected due to the economic shutdown, potentially surpassing levels seen after the Great Recession.
$NEGRATES - The bond market is pricing in slightly negative rates by 2021, which is considered a reasonable market position given the potential for more significant negative rates if implemented.
Bearish:
$EM - Emerging markets face unprecedented challenges due to commodity price collapse, global trade disruption, and potential de-globalization, with China's growth expected to slow significantly.
$EUROZONE - The Eurozone faces significant challenges due to economic shocks, with potential outcomes ranging from greater integration to possible unraveling.