  The proposed loop-current order in cuprates cannot give the observed
pseudogap and the Fermi-arcs because it preserves translation symmetry. A
modification to a periodic arrangement of the four possible orientations of the
order parameter with a large period of between about 12 to 30 lattice constants
is proposed and shown in a simple and controlled calculation to give
one-particle spectra with every feature as in the ARPES experiments. The
results follow from (1) the currents at the boundaries of the periodic domains
with similar topology as the Affleck-Marston flux phase, and (2) the mixing
introduced by the boundary currents between the states near the erstwhile
Fermi-surface and the ghost Fermi-surfaces which are displaced from it by
mini-reciprocal vectors. The proposed idea can be ruled out or verified by high
resolution diffraction or imaging experiments. It does not run afoul of the
variety of different experiments consistent with the loop-current order as well
as the theory of the marginal Fermi-liquid and d-wave superconductivity based
on quantum-critical fluctuations of the loop current order.
