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We present evidence for the existence of a spontaneous instability towards an orbital loop-current phase in a multiorbital Hubbard model for the CuO$_2$ planes in cuprates. Contrary to the previously proposed $theta_{II}$ phase with intra-unit cell currents, the identified instability is towards a staggered pattern of intertwined current loops. The orbitally resolved current pattern thereby shares its staggered character with the proposal of d-density wave order. The current pattern will cause a Fermi surface reconstruction and the opening of a pseudogap. We argue that the pseudogap phase with time-reversal symmetry breaking currents is susceptible to further phase transitions and therefore offers a route to account for axial incommensurate charge order and a polar Kerr effect in underdoped cuprates.
High temperature cuprate superconductors consist of stacked CuO2 planes, with primarily two dimensional electronic band structures and magnetic excitations, while superconducting coherence is three dimensional. This dichotomy highlights the importanc
Nematic order resulting from the partial melting of density-waves has been proposed as the mechanism to explain nematicity in iron-based superconductors. An outstanding question, however, is whether the microscopic electronic model for these systems
We identify a new kind of elementary excitations, spin-rotons, in the doped Mott insulator. They play a central role in deciding the superconducting transition temperature Tc, resulting in a simple Tc formula,Tc=Eg/6, with Eg as the characteristic en
We study the emergence of charge ordered phases within a pi-loop current (piLC) model for the pseudogap based on a three-band model for underdoped cuprate superconductors. Loop currents and charge ordering are driven by distinct components of the sho
The origin of the exceptionally strong superconductivity of cuprates remains a subject of debate after more than two decades of investigation. Here we follow a new lead: The onset temperature for superconductivity scales with the strength of the anom