Assets

• Cross-assetToday's cross-asset story: a hawkish rates backdrop is colliding with an unwind in AI and semiconductor names, and the combination is pressuring growth assets globally while keeping the dollar firm and sovereign yields…
• GoldPublished research on gold is leaning bullish, with most analysts expecting further gains — though one contrarian thread warns of a near-term pullback toward $3,500 before any recovery.
• SilverSilver's outlook splits sharply by time horizon, with published research divided on the near term but broadly aligned longer out.
• CopperCopper is the rare macro call where published research is lining up on the same side: multiple analyst camps this week argue prices have further to run, driven by a mix of tight supply and structural demand.
• OilOil sits at a genuine crossroads, and published research this week is split along time horizons rather than in a clean bull-versus-bear line.
• Natural gasPublished research this week leans bearish on U.S. natural gas, with Henry Hub seen testing lower support in the near term.
• BitcoinBitcoin: no clear consensus among researchers right now, with two bearish takes running up against one contrarian bullish call.
• US equitiesUS equities are split down the middle, and the AI trade is the fault line.
• European equitiesEuropean equities are sending mixed signals today, according to third-party research crossing the desk.
• US bondsPublished research this week leans heavily toward higher US Treasury yields across the curve — bearish for bond prices — though a few contrarian takes complicate the picture.
• EU bondsPublished research this week leans constructive on German Bunds and cautious on European corporate credit.
• EUR/USDPublished research this week is leaning bearish on EUR/USD, with analysts flagging a potential break of the 1.1360 support toward 1.1325.

Macro

• Macro themesTwo macro debates are dominating published research this week: what the Fed does at its July 2026 meeting under Chair Warsh's guidance-free approach, and whether the AI capex boom can keep justifying itself.