Assets

• Cross-assetWeak US payrolls have flipped the tape: softer dollar, fading Fed-hike odds, risk assets bid, and gold leading the defensive trade. But under the surface, published research is deeply split on how long the AI-led equity…
• GoldGold's setup looks bullish, according to the bulk of recently published research — but the debate hinges entirely on which way the Fed moves next.
• OilPublished research this week leans bearish on crude, though the consensus isn't unanimous.
• Natural gasEuropean natural gas prices remain roughly 40% above pre-conflict levels, and recent third-party research argues that squeeze isn't easing anytime soon.
• BitcoinBitcoin: published research is leaning bullish, tactically and cyclically.
• US equitiesPublished research this week leans bullish on US equities into H2 2026 — but with a sharp minority warning of near-term fragility in crowded mega-cap tech and semis.
• European equitiesEuropean equity commentary is thin today, but what's out there leans constructive rather than bearish.
• US bondsPublished research is split on US Treasuries, but the common thread is a steeper yield curve — not a clean call on outright levels.
• EU bondsEuropean sovereign yields look set to grind higher across the curve over coming quarters, according to the current research consensus — with a steepening bias building even as the short end sends mixed signals.
• EUR/USDPublished research is leaning heavily bullish on the euro against the dollar — across short, medium, and long horizons — with one notable dissent.

Macro

• Macro themesWeak US June payrolls reshaped the macro conversation this week — and split the research community on what the Fed does next.