Medium-term (personal bias): long.
Rate-differential view: short.
Geopolitical risk: short, if tensions with Iran escalate — Europe would face an energy squeeze.
Monetary / fiscal backdrop: long, given US deficit dynamics over time.
Longer-term macro: short, assuming the AI boom is not a pure bubble.
Just my two cents.
When the trumpet sounds, you won't be able to hear the techno anymore.