Assets
- Cross-assetHigher-for-longer rates are colliding with a risk rally that refuses to break — and published research this week is nearly unanimous that something has to give.
- GoldGold: the published research is split, and the split is mostly about time horizon.
- CopperCopper's long-run driver is quietly shifting from price to reliability of supply — and one recently published bullish case argues that's structurally inflationary for the metal.
- OilOil research is split on timing, not direction. The near-term view leans bearish as Middle East supply fears fade; the cyclical view stays bullish on structural tightness.
- Natural gasPublished research this week leans bullish on natural gas and LNG, pointing to both structural and tactical drivers heading into winter.
- BitcoinBitcoin research is lining up bullish today, with published analysis pointing to both a technical breakout and a stronger structural story than prior cycles.
- US equitiesUS equity research is sharply split right now, with little consensus on where the S&P 500 goes next.
- European equitiesEuropean equity signals are thin today, and the few available point in different directions: a modest DAX bounce at the open, but real trouble in German real estate and for Novo Nordisk.
- US bondsPublished research this week leans heavily bearish on US Treasury bonds, with most analysts expecting yields to stay elevated or push higher.
- EU bondsPublished European rates research this week leans clearly one way: wider peripheral spreads and structural upward pressure on long-end euro rates, with France now the focal point.
- EUR/USDEUR/USD: the split isn't bull vs bear — it's short-term vs long-term.