$QQQ - Buy QQQ into tech earnings as a better risk-adjusted opportunity than gold at current levels
$REFI - Mortgage refinance companies are rallying significantly due to falling rates driving refinancing activity
$BTC - Bitcoin is tactically undervalued versus gold at current levels
$AIRLINES - Airlines benefiting from rate cuts and increased consumer discretionary spending
$BUILDERS - Homebuilders positioned to benefit from falling rates and increased consumer spending from mortgage refinancing
$ETH - Ethereum has institutional advantages with a 10-year track record that meets regulatory risk model requirements
Bearish:
$GOLD - Gold is technically overbought after a 30% rally in 3 months with RSI indicators suggesting a pullback, and retail FOMO indicators like New York Times coverage serving as contrarian signals