Treasuries are waking up. The crowded short isn't ready.

Buy Long-duration Treasuries — Bloomberg alone flags the haven bid against heavily short positioning, and TLT is 2.6% higher on the week but only 5% above its 52-week low — the squeeze has barely started.

Buy 7-10 year Treasuries — Same haven thesis with less term premium: IEF sits 2% above its 52-week low and is 1.1% higher on the week, so the curve is doing the work rather than duration risk.

Sell Inverse long Treasuries — The inverse long-bond ETF is the crowded side of Bloomberg's warning and has already surrendered 5% in a week, which is what a squeeze looks like early.

Buy Nvidia — The Information reports Nvidia now dictates the memory process through TSMC, tightening its grip on system design; at 13.5x forward earnings and 12% below its 52-week high, that control isn't priced.

Buy TSMC — Nvidia naming a TSMC process for next-gen memory adds an AI revenue stream beyond logic, and at 17.6x forward earnings after a 7.1% week, the multiple hasn't chased the news.

Buy Intel — Nikkei's interview has Tan conceding the foundry needs government support — with the US, SoftBank and Nvidia holding equity, that backing is the reason to own it; the 42.7x forward multiple is not a process-lead multiple.

Watch Micron — Memory makers win volume from the Nvidia-TSMC roadmap but lose control of the process; MU at 4.2x forward earnings after an 11% week is either the cheapest AI trade on the board or a value trap.

Hold Coinbase — Both FT and CoinDesk frame the vault complex as institutional flow with regulatory risk attached; COIN gains from the deposits but tighter vault rules would cut the volumes, and 58x forward earnings needs volume.

Sell Strategy — CoinDesk's $10bn vault figure is the leverage gauge and MSTR is the most levered listed bitcoin proxy — 9.6% lower last session and already 55% below its 52-week high, so it has the most room to fall further.

Sell Barclays — FT's FirstFT flags BoE scrutiny of Barclays' disclosure — an overhang the stock is already part-paying at 0.86x book, 22% below its 52-week high and down 3.5% last session.

Watch Lloyds — The Barclays review is a UK-bank disclosure story, so Lloyds carries sympathy risk despite +3.9% YTD and a 1.44x book — watch rather than act until the scope is public.

Buy Mitsubishi Heavy — Nikkei details the fiscal-2027 line restart, a $640m yard expansion and $1.4bn of government subsidies — MHI is the direct order-taker on Japan's naval buildout and the possible US purchase.

Buy Kawasaki Heavy — The same defense budget and the prospect of US orders for Japanese warships lift the whole naval group, and Kawasaki is the second name in that queue.

Buy US aerospace & defense — The US weighing Japanese and South Korean hulls means allied defense spending is broadening beyond national budgets; ITA is 1.0% higher last session and only 7% off its 52-week low.

Buy Volkswagen — WSJ carries Citi's call that curbs on Chinese hybrid exports could make EU manufacturers investable again, and VW at 0.20x book, 36% down YTD and 4% off its 52-week low is the deepest value expression of it.

Hold Subaru — Nikkei's Subaru exclusive promises a 40% development-time cut but only 'late 2020s' launches, while Leapmotor has already overtaken Subaru in global sales — credible cost plan, late timing.

Sell BYD — Citi's argument is explicitly that export curbs slow the market-share gains driving Chinese auto earnings, and BYD is the share-gainer being targeted.

Buy Nidec — Nikkei reports a 9% stake, an EGM threat, a $3.6bn loss and a withheld auditor sign-off — the largest shareholder forcing board change on a scandal-hit name is the classic re-rating setup.

Buy Japan equities — Activism at Japan's biggest motor maker adds to a multi-year governance tailwind, but EWJ at 5% below its 52-week high and +16.7% YTD means part of the re-rating is already paid for.

Watch Mitsubishi UFJ — Nikkei has record property lending at the regionals and regulators watching rate-driven profitability but names no lenders, so the megabanks are a sympathy-risk watch rather than a short.

Buy Interactive Brokers — Nikkei's near-24-hour US trading start in early December is a direct volume tailwind for the brokers supporting it, though IBKR at +23% YTD but 3.9% lower last session shows the trade needs a fresh leg.

Buy Netflix — WSJ's Jakab frames Netflix as a 'sleeper hit' but no body text was available, so the only anchors are 18.6x forward earnings, 22.5% down YTD and 8% above the 52-week low.

Buy Zcash — CoinDesk's single note has per-swap keys closing a real privacy leak and a quantum framing attached, but no timeline or volume data — architecturally interesting, commercially unproven.