Assets
- Cross-assetResearch consensus this week: markets are pricing a hawkish central-bank regime colliding with an AI-driven tech unwind, and a December Fed hike is the trade most analysts agree on.
- GoldGold's published research mostly leans bullish, but the next few weeks look genuinely contested.
- CopperCopper is caught in a tug-of-war between softening demand expectations and still-tight physical supply, according to recently published commodity research.
- OilPublished research is split on where crude goes from here, and the divide hinges almost entirely on Iran.
- Natural gasEuropean natural gas prices face upside risk this winter — and published research argues that holds even if geopolitical tensions ease.
- BitcoinBitcoin's story right now splits cleanly by time horizon, according to research published this week.
- US equitiesUS equities are split by time horizon, according to research published this week.
- European equitiesEuropean equities are getting a quiet upgrade in published research — not as a conviction long, but as a place to hide if the AI trade keeps unwinding.
- US bondsTreasury research is split on what comes next for US bonds, and the split is worth understanding.
- EU bondsEuropean rate watchers are leaning hawkish: a December ECB hike is widely expected in published research, even as analysts grow cautious on euro area bond spreads.
- EUR/USDPublished research is cautiously constructive on EUR/USD over the medium term, but the near-term tape looks messy.
Macro
- Macro themesDemocrats' midterm sweep sparked a global AI and chip sell-off this week, with the Nasdaq 100 down 6.4% and the semiconductor index off 12%.
- Policy makersCentral banks are leaning hawkish as the energy shock raises the risk of second-round effects on wages and prices. Multiple policymakers tightened this week, and official communication stresses there is no pre-set path.
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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.