Abstract

In light of the new experimental and theoretical important developments in high-${T}_{c}$ superconductivity, we revisit the fermionic hot-spot model relevant to the phenomenology of the cuprates. We extend previous results by means of a complete two-loop order renormalization group (RG) framework. Here, we explicitly study the effect of the charge-density-wave (CDW) order parameter with a $d$-wave form factor with the experimentally observed modulation $(\ifmmode\pm\else\textpm\fi{}{Q}_{0},0)$ and $(0,\ifmmode\pm\else\textpm\fi{}{Q}_{0})$ at the infrared-stable nontrivial fixed point obtained previously for this model. Additionally, we proceed to investigate also the so-called pair-density-wave (PDW) order that was recently proposed in the literature as a possible candidate for the ``hidden'' order to describe the pseudogap phase observed in underdoped cuprates. We confirm that although the above two ordering tendencies are also found to be nearly degenerate both at one-loop and two-loop RG orders and linked by an emergent SU(2) pseudospin symmetry, they turn out to be subleading for weaker couplings in the present model to antiferromagnetism, $d$-wave bond-density wave (BDW) order with modulation along Brillouin zone diagonals $(\ifmmode\pm\else\textpm\fi{}{Q}_{0},\ifmmode\pm\else\textpm\fi{}{Q}_{0})$, and $d$-wave singlet superconductivity (SSC). However, as we increase the strength of the initial coupling towards moderate values, we do capture a tendency for the entangled PDW/CDW order to become leading compared to BDW/SSC in the model, which suggests that the former composite order might be indeed a viable concept to describe some cuprate superconductors at high temperatures in the underdoped regime, as has been recently alluded to by many authors in the literature.

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