Assets

• Cross-assetLong-end government bond yields are the story across markets today, and the published research consensus is that they're going higher.
• GoldGold research is running one-way bullish right now — across every time horizon, published analysis is pointing higher, with essentially no bearish voices in the mix.
• SilverSilver's setup is drawing a constructive multi-year call from published research this week.
• CopperCopper: published research this week is uniformly bullish, with no dissenting voices across tactical or strategic horizons.
• OilPublished research on crude is running heavily bullish across near- and medium-term horizons, with only a small contrarian thread pushing back — and that pushback is confined to late 2026 and beyond.
• Natural gasEuropean natural gas could be the pain trade this winter, according to newly published research.
• BitcoinBitcoin's next leg higher hinges on regulatory catalysts, according to research published this week.
• US equitiesUS equity research is unusually split right now — and the fault line is AI.
• European equitiesPublished research is split on European equities heading into 2026.
• US bondsPublished research this week is overwhelmingly bearish on US Treasury prices, with most analysts expecting yields across the curve to stay elevated or push higher.
• EU bondsEuropean sovereign yields look set to keep grinding higher, according to the bulk of research published this week — with almost no dissent on direction across Bunds, French OATs, and the broader eurozone curve.
• EUR/USDEUR/USD forecasts are splitting along time horizons, and the split is worth understanding.

Macro

• Macro themesThree forces dominated macro research today: a sharp climb in long-dated US Treasury yields, escalating Middle East risk pushing oil above $90, and the AI capex boom reshaping inflation and capital flows.