Assets

• Cross-assetAcross markets today, the published research consensus points to a stagflation-flavored setup: higher long-end yields, a firm dollar, bid oil, and stretched equity valuations under pressure from geopolitics, fiscal…
• GoldGold: published research this week is uniformly bullish across horizons, with the only dissent being tactical timing rather than direction.
• SilverSilver is drawing bullish attention from published research this week — though the case spans two very different timeframes.
• PlatinumPlatinum is drawing renewed attention as the more compelling precious metal call right now, according to research circulating this week.
• CopperCopper is one of the rare assets where cyclical and structural research views are pointing in the same direction right now — and published work this week reflects that alignment, with no notable dissent among analysts…
• OilOil research this week leans firmly bullish, and the few bearish calls only work if the Middle East de-escalates — which most published analysis does not treat as the base case.
• Natural gasEuropean natural gas prices are flashing warning signs heading into heating season, and the published research this week points in one direction: up.
• BitcoinBitcoin faces a rough stretch ahead, according to a recently published bearish view.
• US equitiesUS equities are drawing a strongly bullish tilt from published research this week, though a minority thread is flagging real cyclical risks building underneath.
• European equitiesEuropean equity research is thin today and tilts bearish, with one notable exception at the index level: a modest bounce called for the DAX open.
• US bondsPublished research this week leans heavily toward higher US Treasury yields, with only a small minority calling for near-term relief.
• EU bondsEuropean government bond yields look set to grind higher, according to a cluster of recently published research — with German Bunds flagged as the clearest directional call in the region.
• EUR/USDPublished research this week leans firmly bullish on the euro against the dollar, with the clearest pair-level calls pointing higher on both tactical and multi-month horizons.

Macro

• Macro themesThree forces are dominating macro research desks right now: US inflation and the Fed's next move, the AI investment supercycle, and Middle East oil supply risk.