Assets

• Cross-assetPublished research this week is converging on one big idea: markets are pricing sovereign risk, not a normal growth or inflation cycle. The tell is unusual — US Treasury yields rising while the dollar weakens and gold,…
• GoldGold is drawing a rare unified bullish call across published research this week — every major research thread covering the metal points higher, driven by fiscal anxiety, a softer dollar, and safe-haven demand.
• SilverSilver: published research is uniformly bullish across every time horizon this week.
• OilCrude oil is drawing a rare unanimous bullish read across published research this week, with supply shocks — not demand — doing the heavy lifting.
• Natural gasEuropean gas prices are the story today, and the published research view leans bullish.
• BitcoinBitcoin research this week is leaning firmly bullish, with published views converging on upside across macro, policy, and technical angles.
• US equitiesUS equity research is sharply split by time horizon right now, with no clean consensus for the broader market.
• European equitiesEurope's equity story today splits sharply between a big-picture contrarian call and stock-specific action in Germany.
• US bondsPublished research this week lands in a striking place: the dominant view is that US Treasury prices have further to fall, with 10-year and 30-year yields likely to stay elevated or push higher.
• EU bondsEuropean rates research is lining up around one message this week: yields are heading higher and policy is set to stay tight.
• EUR/USDPublished research is lining up behind a stronger euro against the dollar — with no clear dissent this week.

Macro

• Macro themesThe dominant macro story right now is the collision between US fiscal strain and rising yields, with a Middle East energy shock layered on top.