Assets

• Cross-assetMarkets are being hit by a classic risk-off shock layered on top of a global rates repricing — and researchers broadly agree the mix is stagflationary.
• GoldPublished research on gold is uniformly bullish across time horizons right now — the only real debate is whether there's a sharp dip to buy first.
• SilverSilver is caught between a weak tape now and a bullish long-run story, with no clean consensus for investors today.
• PlatinumPlatinum is quietly getting folded into the "debasement trade" alongside gold and silver.
• PalladiumPalladium is drawing a quietly bullish strategic case in this week's published research, with no notable opposing view on the tape.
• CopperCopper may be entering the early innings of a multi-year bull market, according to research circulating this week.
• OilPublished oil research is overwhelmingly bullish right now, and the reason is the Strait of Hormuz.
• Natural gasNatural gas calls across published research this week are uniformly bullish — both sides of the Atlantic, for different reasons.
• BitcoinBitcoin outlook: published research is split, with a mild upside lean on longer horizons but real near-term downside risk tied to global deleveraging.
• US equitiesUS equities are getting a split verdict from this week's published research: bearish into the open, constructive further out.
• European equitiesEuropean equities are facing clear near-term selling pressure, with most published research leaning bearish on tactical horizons. The only constructive view looks past the current stress.
• US bondsPublished research this week points firmly to higher US Treasury yields across the curve, with the 10Y and 30Y already at multi-decade highs. The only near-term bullish case for bond prices rests on a conditional…
• EU bondsEuropean sovereign bonds are flashing stress signals, and published research this week is converging on a clear read: French debt is the pressure point, and relief isn't coming soon.
• EUR/USDPublished research this week leans bearish on EUR/USD, with most analysts expecting the pair to drift lower — though one voice flags a short-term bounce before the downtrend resumes.

Macro

• Macro themesThree forces are driving macro markets right now, according to this week's published research: a global bond selloff, a Middle East energy shock, and France's fiscal crisis widening eurozone spreads to multi-decade…