Rates are rising almost everywhere at once — and equities don't seem to care. That's the tension across markets right now, according to a wide sweep of published research this week.
The published consensus is striking on a few points. Researchers broadly argue US 10-year Treasury yields have further to climb, with tactical technicians, macro strategists, and fundamental investors converging on that call. AI infrastructure and memory chip demand are cited across multiple research desks as durable tailwinds for US tech into year-end. And several analyst camps see structural downside for the dollar, tied to institutional selling, extended positioning, and debasement themes — though a contrarian tactical thread turns dollar-constructive into US CPI.
Disagreements are sharpest in oil and EUR/USD. One camp argues crude stays elevated on geopolitical and supply risks; another reads the US-Iran ceasefire and Hormuz reopening as decisively bearish. On the euro, near-term bullish views sit alongside structural bearish ones from research treating it as a carry funder.
The most contrarian view flagged: a research thread arguing Bitcoin and Ethereum face existential quantum-computing risk by 2029–2032 absent protocol upgrades.