Assets

• GoldGold's outlook splits cleanly by time horizon: near-term bearish, long-term bullish.
• SilverSilver is caught between a bruising short-term setback and a bullish longer-term story, according to recently published research.
• CopperCopper's setup looks structurally bullish, according to research published this week.
• OilCrude oil is the rare call where published research is nearly unanimous: the consensus across recent analyst notes is bullish, with Brent quoted above $109–$111/bbl and WTI above $100–$105.
• Natural gasPublished research is lining up bullish on natural gas — on both sides of the Atlantic — pointing to the same Middle East supply shock rippling through global LNG flows.
• BitcoinBitcoin is on shaky footing in the near term, according to recently published research.
• US equitiesPublished research on US stocks is split right now, with the near-term tactical camp leaning bearish even as structural bulls stay committed to the AI earnings story.
• European equitiesHeadline view making the rounds in European equity research today: the DAX could open the week sharply lower, with one bearish call flagging a potential break below 23,700.
• US bondsUS Treasuries are facing a rough stretch, and the published research consensus this week is that yields stay elevated or grind higher from here.
• EU bondsPublished research is leaning bearish on eurozone government bonds, with analysts pointing to firmer rate-hike expectations and energy-driven inflation keeping yields elevated.
• EUR/USDEUR/USD: the research is split by time horizon, not by direction — tactically bearish, strategically bullish.

Macro

• Macro themesPublished research is converging on a single story today: a Hormuz-driven oil shock is rewiring global rates and central bank expectations.