Assets
- Cross-assetPublished research this week converges on one message: the free-money era is over, and every asset class is being repriced around structurally higher rates.
- GoldGold research is split — but the split is really about time horizon, not direction.
- SilverSilver faces near-term headwinds as global yields keep climbing, according to recently published research.
- CopperCopper is caught between a near-term policy shock and an intact long-term demand story, according to research published this week.
- OilPublished research this week is overwhelmingly bullish on crude, with Brent above $100/bbl and WTI close behind.
- Natural gasNatural gas: the published research this week points in one direction — higher for longer.
- BitcoinBitcoin is being framed in newly published research as a macro hedge against US fiscal stress and a softer dollar.
- US equitiesUS equity research is splitting sharply along time horizons: near-term bearish on the broad indices, but constructively bullish on AI-exposed tech and select single names over longer horizons.
- US bondsPublished research is coalescing around a striking view on US Treasuries: yields have further to rise across the curve, and the 5% level on the 10-year is squarely in play.
- EU bondsEuropean bond yields look set to keep grinding higher, according to most recently published research — though a notable minority sees relief ahead.
- EUR/USDEUR/USD calls are unusually split right now, and the divide comes down to time horizon and which central bank moves first.