Assets

• Cross-assetRising US yields are the gravity well pulling every other asset into line today — bonds selling off, equities lower, and the dollar ripping higher.
• GoldGold: the split in published research is really a split in time horizon, not a split in direction.
• SilverPublished research this week is leaning bullish on silver as a long-term hold, framing it as a defensive allocation against currency debasement and geopolitical risk.
• CopperCopper is flashing bullish signals on both short and long horizons, according to research published this week — with HG Copper futures at record highs and a structurally compelling multi-year setup.
• OilOil's near-term direction is genuinely contested right now, with published research splitting sharply between tactical bears and strategic bulls on Brent and WTI.
• Natural gasNatural gas: near-term pressure points up, but longer-run research still sees relief.
• BitcoinBitcoin bulls are getting louder — and the setup they're watching is very specific.
• US equitiesUS equity research is deeply split right now — and the divide is worth understanding.
• European equitiesEuropean equities are leaning bearish in the near term, with Germany's DAX squeezed hardest.
• US bondsPublished research is leaning heavily toward higher US Treasury yields across the curve, from the 2-year to the 10-year. The drivers cited: persistent Fed hawkishness, heavy government borrowing, and still-solid…
• EU bondsEuropean sovereign yields look set to grind higher across the board, according to research published this week — and the France-Germany spread, already above 100bp, is being flagged as the key fragmentation risk to…
• EUR/USDPublished research is lining up on one side of the euro-dollar trade this week: further downside ahead.

Macro

• Macro themesHawkish central banks are colliding with Middle East risk — and published research this week says the fallout is showing up in bond yields, oil, and currencies all at once.