Assets
- Cross-assetHawkish central banks and expensive oil are colliding with an AI-driven tech sell-off, and published research sees the US midterms as the next big swing event.
- GoldGold is split by time horizon, according to this week's published research: bearish near-term after a one-year low around $3,875–3,915, but structurally bullish over the long run.
- SilverSilver is splitting the research world by time horizon: near-term calls lean bearish after October's sharp drop, while longer-term views see a buying opportunity.
- CopperCopper's price case is holding up on physical tightness, even as futures wobbled with broader risk-off selling. That's the headline takeaway from the published research consensus this week.
- OilOil research is split by scenario, not by time horizon: most published views lean higher on post-midterm escalation risk around the Strait of Hormuz, while a smaller camp sees prices falling if US-Iran diplomacy…
- Natural gasNatural gas calls are splitting sharply by region in this week's published research.
- BitcoinBitcoin: no clear directional consensus right now, with near-term views cautious and level-driven while the only long-horizon call out there is strongly bullish.
- US equitiesUS stocks look split by time horizon, according to recently published research.
- European equitiesEuropean equities get thin coverage today, but what's out there leans cautiously constructive — more about relative preference and short-term charts than any big directional call.
- US bondsTreasury yields: the published research is split, and the split is mostly about time horizon.
- EU bondsPublished research this week is converging on one view of European rates: the ECB is likely to deliver one more 25bp hike in December, pushing the deposit rate to 2.75% before an extended pause.
- EUR/USDThe euro story splits by time horizon: near-term research is cautious, longer-term published forecasts point higher.
Macro
- Macro themesUS-Iran tensions and the oil risk premium into next week's midterms are dominating macro research right now, with AI capex doubts and the Fed's December path close behind.
- Policy makersCentral banks are tilting hawkish as the Middle East energy shock feeds into inflation, though the picture is far from uniform.
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Every morning, what published research argued the day before: the cross-asset and macro read in full, then every market in a line.