$GOLD - Gold is seen as a popular and effective hedge in the current uncertain environment, with continued strong performance.
$JPYUSD - The Japanese Yen is viewed as a safe haven currency that investors are turning to, suggesting potential for appreciation against the dollar.
Bearish:
$USD - The forecast indicates extended dollar weakness throughout the year, based on a significant shift in the FX team's view.
$TREASURIES - Longer-dated treasuries are expected to be less attractive as a safe haven, with a high likelihood of seeing new highs in yields in the coming weeks.
$CHINAGROWTH - Economic forecasts for China have been significantly downgraded, indicating expectations of slower growth in the coming years.
$EQUITIES - There is potential for significant downside in equities if a recessionary outcome occurs.