Cross-Asset Viewboard
ANALYSTDIRECTIONTOPICSUMMARYHORIZONFRESH
10Y / TLT
37 Views
Jurrien Timmer LONG-HORIZON MACRO BULLISH Moderate
TLT Long bonds have become a viable asset class again, offering high real yields and a current port in the storm despite unreliable anti-correlation. DIRECTION ONLY
Year 1d
Michael Kantrowitz HOPE CYCLE BULLISH Moderate
TLT Rates are coming down as the beta bubble in stocks deflates, favoring lower Treasury yields in the near term. DIRECTION ONLY
Week 1d
Steve Hanke MONEY SUPPLY BEARISH Strong
TLT Foreign Treasury purchases have fallen sharply in 2026, with countries aligned with the US cutting buying more than 60% and Japan down 99%. DIRECTION ONLY
Year 2d
Luke Gromen FISCAL DOMINANCE BEARISH Moderate
TLT Long-term Treasury yields rose sharply after a 25-basis-point rate increase, leaving policymakers constrained and uncertain about their next move. DIRECTION ONLY
Month 3d
Ben Carlson ALLOCATION · BEHAVIOUR BULLISH Strong
TLT Long bonds are attractive for portfolio allocation after the worst decade for bond returns, with yields now at their highest levels in 20 years. DIRECTION ONLY
Year 3d
Mohamed El-Erian FED · POLICY ERROR BEARISH Moderate
TLT US Treasuries face a shifting buyer base as historically dependable foreign holders pull back, leaving more tactical, short-term investors and traders. DIRECTION ONLY
Year 3d
Lance Roberts MACRO · POSITIONING BEARISH Moderate
TLT Treasury yields face upward pressure as rising oil prices lift inflation expectations, leaving long-bond prices vulnerable to decline. DIRECTION ONLY
Month 5d
Peter Schiff AUSTRIAN · GOLD BEARISH Strong
TLT Long-term Treasury prices face pressure as larger budget deficits contribute to higher long-term interest rates, including mortgage rates. DIRECTION ONLY
Year 5d
Keith McCullough QUAD REGIME · FUNNEL BULLISH Moderate
TLT Long bonds are a favored ETF exposure while many consensus equity positions have struggled, supporting a constructive duration stance rather than a fresh call. DIRECTION ONLY
Month 7d
Bob Elliott MACRO ALLOCATION BULLISH Moderate
TLT Bonds could be a good buy in this environment, implying higher long-duration Treasury prices and lower yields over the coming weeks. DIRECTION ONLY
Month 7d
Brian Shannon TECHNICAL · AVWAP BULLISH Moderate
TLT Bonds are likely to settle after the yield decline, with the worst of the recent bond weakness probably behind them for at least a few weeks. DIRECTION ONLY
Week 8d
Jim Bianco RATES & FIXED INCOME BEARISH Strong
TLT Long-term Treasury yields should align near 5% because persistent 3% inflation and 5% nominal growth justify matching interest rates. LEVELS · TARGET 5
Year 8d
Darius Dale REGIME NOWCAST · FUNNEL BEARISH Strong
TLT US Treasury securities are likely to decline as Japan’s Ministry of Finance sells them to defend a weakening yen amid fewer Bank of Japan hikes. DIRECTION ONLY
Year 8d
Peter Reznicek MARKET PROFILE · ES BULLISH Moderate
TLT Long-duration Treasury prices surged as yields collapsed, though it remains unclear whether the move marks a major change in trend. DIRECTION ONLY
Week 8d
Liz Ann Sonders US EQUITY MACRO BULLISH Moderate
TLT 10-year Treasury yields are moving lower primarily on growth concerns rather than inflation, supporting a flight-to-safety trade alongside a less negative stock-bond correlation. DIRECTION ONLY
Week 8d
Jeffrey Snider DOLLAR LIQUIDITY BULLISH Strong
TLT Treasuries should rally as fading September technical pressure, AI credit anxiety, and weakening economic fundamentals drive yields lower and flatten the curve. DIRECTION ONLY
Week 9d
David Keller TECHNICAL · FINAL BAR BULLISH Strong
TLT $TLT is moving higher toward $82 as investors flock to Treasury safety and the 10-year bond’s yield amid declining rates. LEVELS · TARGET 82
Month 9d
Jason Shapiro POSITIONING · COT BEARISH Moderate
TLT Long bonds are still expected to make new lows, despite the current flight-to-safety rally occurring as stocks weaken sharply. DIRECTION ONLY
Month 9d
JC Parets INTERMARKET · RS BULLISH Strong
TLT Long-duration Treasuries continue rallying as rates keep falling, defying widespread expectations for a sustained rising-rate environment and a bond-market blowup. DIRECTION ONLY
Week 9d
David Rosenberg RECESSION RISK BULLISH Strong
TLT Treasuries offer more than a 3% real yield versus roughly a 2.5% equity earnings yield, making an allocation away from the S&P 500 compelling. DIRECTION ONLY
Month 11d
Danielle DiMartino Booth LABOR INTERNALS BULLISH Moderate
TLT Anxiety around the AI trade can trigger a flight to quality into U.S. Treasuries, supporting long-duration bond prices. DIRECTION ONLY
Week 12d
David Woo RATES · FX · GEOPOLITICS BEARISH Moderate
TLT A major AI-related incident may become the biggest downside risk to US interest rates, and markets are not pricing even a small probability of that event. DIRECTION ONLY
Year 13d
Joseph Wang FED PLUMBING BULLISH Strong
TLT Long-duration Treasuries are the preferred hedge into a dicey period marked by geopolitical risk, higher energy prices, and cracks in AI. DIRECTION ONLY
Week 14d
Chris Ciovacco TREND · CYCLE BULLISH Weak
TLT The 10-year yield has not broken to the other side of its chart range, and remaining lower would be better for equity bulls. DIRECTION ONLY
Week 14d
Peter Brandt CLASSICAL CHARTING BEARISH Strong
TLT Long-dated Treasury yields remain in a major uptrend toward roughly 8% on the 30-year, despite a possible near-term correction toward 5.25%. LEVELS · TARGET 8 · SUPPORT 5.25
Year 16d
Brent Kochuba GAMMA · 0DTE · FUNNEL BULLISH Moderate
TLT $TLT options show elevated volatility but call-side skew, signaling positioning for a bond bounce and lower yields rather than a marked rise in rates. DIRECTION ONLY
Month 16d
Andreas Steno Larsen GLOBAL MACRO BULLISH Moderate
TLT Long-duration Treasury prices are rising as bond yields fall despite high inflation, reflecting an unusually challenging macro trading backdrop. DIRECTION ONLY
Week 16d
Cem Karsan DEALER GAMMA · VOL BEARISH Moderate
TLT Heavy AI infrastructure CapEx pushes real yields higher, with the bond market becoming an active ceiling on equity valuations. DIRECTION ONLY
Month 17d
Charlie Bilello DATA · BREADTH BULLISH Strong
TLT Long bonds offer their highest prospective returns since 2002 as higher starting yields have historically correlated strongly with higher future seven-year returns. DIRECTION ONLY
Year 17d
Mike Green PASSIVE FLOWS · STRUCTURE BEARISH Strong
TLT Long-duration Treasuries face growing effective duration supply and convexity risk without matching passive-bond demand, creating an inverse-March-2000-style structural endgame. DIRECTION ONLY
Year 18d
Brent Johnson DOLLAR MILKSHAKE BEARISH Moderate
TLT US interest rates should rise over the years ahead, although global rates are expected to rise even more and hit other economies harder. DIRECTION ONLY
Year 23d
Mark Newton INSTITUTIONAL TECHNICALS BULLISH Moderate
TLT Rates are pulling back alongside crude weakness, a near-term development supportive of long-duration Treasury prices despite broader tape deterioration. DIRECTION ONLY
Week 23d
Nick Timiraos FED REPORTER · ANCHOR BEARISH Strong
TLT Long-term interest rates are rising rather than falling as elevated deficits and intensifying price pressures undermine the White House fiscal-restraint theory. DIRECTION ONLY
Month 33d
Peter Boockvar DATA REACTION BEARISH Strong
TLT Treasury bond bear market continues after a weak five-year auction, with the 10-year yield at 5.12% and 30-year yield near 5.40%. DIRECTION ONLY
Week 38d
Tom Lee US EQUITY STRATEGY BULLISH Moderate
TLT Long-end Treasury yields may soon subside as inflation concerns that have steepened the yield curve begin to fade. DIRECTION ONLY
Week 78d
Michael Howell GLOBAL LIQUIDITY BEARISH Strong
TLT Ten-year Treasury yields could test 6% in the not-too-distant future as accelerating nominal GDP growth pulls underlying US interest rates higher. LEVELS · TARGET 6
Month 79d
Ed Yardeni EARNINGS · PRODUCTIVITY BEARISH Moderate
TLT Long-duration Treasuries face downside risk if bond vigilantes push yields higher in response to escalating government debt and continued fiscal bailouts. DIRECTION ONLY
Year 81d2Y / SHY
17 Views Jeffrey Snider DOLLAR LIQUIDITY BEARISH Strong
SHY 2-year Treasury yields will climb as energy-price swings prompt an outsized Fed clampdown even while the economy weakens. DIRECTION ONLY
Week 3d Keith McCullough QUAD REGIME · FUNNEL TIGHTER Moderate
SHY The yield curve should continue flattening as markets price additional rate hikes after the midterm political event concludes. DIRECTION ONLY
Month 11d Ben Carlson ALLOCATION · BEHAVIOUR NEUTRAL Neutral
SHY Interest rates are unlikely to settle at a stable normal level, leaving the appropriate long-term level for the economy uncertain. DIRECTION ONLY
Year 15d Peter Schiff AUSTRIAN · GOLD TIGHTER Strong
SHY Mortgage rates are expected to rise from 7.5% to 8.5%, deepening mortgage lenders’ mark-to-market losses toward $3 trillion. LEVELS · TARGET 8.5
Year 16d Bob Elliott MACRO ALLOCATION BEARISH Moderate
SHY Short-end Treasury yields are rising as rate expectations reset higher, driving the curve’s upward shift rather than a long-end buyers strike. DIRECTION ONLY
Week 17d Jim Bianco RATES & FIXED INCOME BEARISH Strong
SHY The neutral federal funds rate is likely around 4.5%, implying short-term interest rates should remain materially higher than current easy-policy assumptions. LEVELS · TARGET 4.5
Year 17d Danielle DiMartino Booth LABOR INTERNALS EASIER Moderate
SHY Future overnight rates are expected to decline, as negative SOFR swap spreads leave fixed rates below comparable Treasury yields. DIRECTION ONLY
Month 26d Mohamed El-Erian FED · POLICY ERROR BULLISH Moderate
SHY Two-year Treasury yields have continued retracing as traders moderate Fed rate-hike expectations ahead of CPI inflation on October 14. DIRECTION ONLY
Week 29d Peter Brandt CLASSICAL CHARTING BULLISH Moderate
SHY The 2-Year Note should become the nation’s interest-rate benchmark because it has consistently outperformed Federal Reserve policymakers as a signal. DIRECTION ONLY
Year 35d Mike Green PASSIVE FLOWS · STRUCTURE TIGHTER Moderate
SHY Short-term rate expectations are being revised higher, rather than markets becoming nervous about holding long-term debt amid current Treasury-market moves. DIRECTION ONLY
Week 39d David Keller TECHNICAL · FINAL BAR BEARISH Strong
SHY Two-year yields are still rising, signaling the market expects the Fed is not finished raising rates over the next 6 to 12 months. DIRECTION ONLY
Year 40d Luke Gromen FISCAL DOMINANCE BEARISH Strong
SHY Two-year Treasury yields have risen 130 basis points and continue climbing since the US attack on Iran, driven by consequences of Trump’s actions. DIRECTION ONLY
Week 45d Lance Roberts MACRO · POSITIONING BEARISH Moderate
SHY Private business investment relative to GDP points to rising corporate borrowing demand, allowing lenders to lift borrowing costs as productive investment expands. DIRECTION ONLY
Year 58d Joseph Wang FED PLUMBING BEARISH Strong
SHY Short-term rates are likely to rise as Fed funds futures imply about two rate hikes over the coming year. DIRECTION ONLY
Year 63d David Rosenberg RECESSION RISK BULLISH Strong
SHY The two- and three-year Treasury area offers an attractive opportunity as pricing for at least one additional hike is expected to unwind. DIRECTION ONLY
Month 72d Darius Dale REGIME NOWCAST · FUNNEL BEARISH Moderate
SHY The 2-year nominal Treasury yield remains bearish in the volatility-adjusted momentum and probable-range models, preserving a negative near-term signal for short-duration Treasuries. DIRECTION ONLY
Week 72d Chris Ciovacco TREND · CYCLE BULLISH Moderate
SHY Short-term Treasury bonds relative to the S&P 500 are making a new all-time low, signaling investor confidence rather than defensive positioning. DIRECTION ONLY
Month 78dHigh Yield
18 Views Jeffrey Snider DOLLAR LIQUIDITY BEARISH Strong
HYG Triple-C credit stress has accelerated after building for more than a year, with spreads near 1,300 basis points signaling rising refinancing and repayment doubts. LEVELS · RESISTANCE 1300
Year 2d Jurrien Timmer LONG-HORIZON MACRO BEARISH Moderate
HYG Credit spreads are widening as markets impose capital discipline, while a datacenter-buildout slowdown could weaken semiconductor demand and expose circular AI earnings. DIRECTION ONLY
Month 3d Liz Ann Sonders US EQUITY MACRO BEARISH Strong
HYG Technology borrowing costs have increased significantly, with option-adjusted spreads on iBoxx USD Technology and Telecommunications indices widening sharply this month. DIRECTION ONLY
Month 5d Danielle DiMartino Booth LABOR INTERNALS BEARISH Strong
HYG Credit spreads could widen enough to raise borrowing costs by a net 2 percentage points even if Treasury yields fall 1 percentage point. DIRECTION ONLY
Month 9d Jim Bianco RATES & FIXED INCOME BULLISH Moderate
HYG Credit markets are surviving well despite prior private-credit failures, and $CRWV is unlikely to be a canary for broader credit problems. DIRECTION ONLY
Month 11d David Keller TECHNICAL · FINAL BAR BEARISH Strong
HYG High-yield spreads continue to widen this week, signaling risks that major equity benchmarks have not yet priced in. DIRECTION ONLY
Week 11d Peter Schiff AUSTRIAN · GOLD BEARISH Strong
HYG High-yield credit has weakened as corporate bond yields rise, particularly for weaker companies, with lowest-rated bond yields reaching their highest level since 2022. DIRECTION ONLY
Month 13d Chris Ciovacco TREND · CYCLE BEARISH Moderate
HYG High-yield bonds have fallen below their 200-day moving average, and a prolonged stay below that level would become increasingly concerning. DIRECTION ONLY
Month 14d Lance Roberts MACRO · POSITIONING BEARISH Moderate
HYG Credit spreads are flashing yellow as CCC stress widens, but a major credit event requires faster deterioration spreading into investment-grade debt. DIRECTION ONLY
Week 15d Charlie Bilello DATA · BREADTH BEARISH Strong
HYG Credit spreads for the weakest US companies have widened to 12.52%, their broadest level in nearly four years despite booming AI-related stocks. DIRECTION ONLY
Month 20d Cem Karsan DEALER GAMMA · VOL BEARISH Strong
HYG Credit conditions are deteriorating as Oracle, SpaceX, Meta-linked data-center, and Paramount debt shows sharply wider spreads and record-low bond prices. DIRECTION ONLY
Week 24d JC Parets INTERMARKET · RS BEARISH Strong
HYG The weakest junk-bond credits are deteriorating, with CCC and B-rated spreads showing the most pronounced stress across lower-quality high-yield debt markets. DIRECTION ONLY
Week 25d Darius Dale REGIME NOWCAST · FUNNEL BULLISH Moderate
HYG Private-credit weakness reflects technical supply-demand flows rather than broad credit-cycle risk, with underlying borrowers and the economy remaining healthy. DIRECTION ONLY
Month 26d Mohamed El-Erian FED · POLICY ERROR BEARISH Moderate
HYG High-grade credit is losing its perceived safety as record borrowing and inflation concerns raise the risk that interest-rate stress morphs into wider credit spreads. DIRECTION ONLY
Month 29d Peter Boockvar DATA REACTION BEARISH Moderate
HYG Refinancing pressure will intensify for debt maturing this year and next, as loans priced before 2022 reset at far higher borrowing costs. DIRECTION ONLY
Year 33d Jason Shapiro POSITIONING · COT BEARISH Strong
HYG Credit spreads could keep widening as rising interest rates make financing increasingly difficult for AI companies and undermine the investment thesis. DIRECTION ONLY
Month 61d David Woo RATES · FX · GEOPOLITICS BEARISH Moderate
HYG High-yield credit is vulnerable to renewed oil strength, with higher crude prices increasingly acting as a binding constraint on the risk trade. DIRECTION ONLY
Week 62d Keith McCullough QUAD REGIME · FUNNEL BULLISH Moderate
HYG High-yield credit is signaling a Quad 1 environment, implying tighter spreads and a constructive near-term backdrop for $HYG. DIRECTION ONLY
Week 66dThe Dollar
25 Views Peter Boockvar DATA REACTION BEARISH Moderate
DXY US dollar should weaken if the Fed skips another hike, as global investors are long US technology stocks and would have less reason to own dollars. DIRECTION ONLY
Month 1d Keith McCullough QUAD REGIME · FUNNEL BULLISH Strong
DXY USD remains a long position and continues rising, reinforcing a near-term bullish dollar thesis as gold moves lower. DIRECTION ONLY
Week 2d Steve Hanke MONEY SUPPLY BULLISH Strong
DXY The Venezuelan bolivar has depreciated 69% against the U.S. dollar over the past year, supporting official dollarization as a replacement. DIRECTION ONLY
Year 4d Jurrien Timmer LONG-HORIZON MACRO BEARISH Strong
DXY The dollar would take a hit if Treasury repriced gold reserves to expand its cash balance without issuing additional debt. DIRECTION ONLY
Year 8d Darius Dale REGIME NOWCAST · FUNNEL BULLISH Strong
DXY The Japanese yen is likely to weaken as investors anticipate fewer Bank of Japan rate hikes than the three increases priced over the next 12 months. DIRECTION ONLY
Year 8d Luke Gromen FISCAL DOMINANCE BULLISH Moderate
DXY The dollar would strengthen if a German or European energy crisis weakens the euro, potentially triggering higher long-term Treasury yields after an initial safety bid. DIRECTION ONLY
Week 9d Lance Roberts MACRO · POSITIONING BULLISH Moderate
DXY The dollar should strengthen as overseas instability drives demand for safety in dollar-denominated assets and Treasuries, while international growth lags the United States. DIRECTION ONLY
Month 10d JC Parets INTERMARKET · RS BEARISH Moderate
DXY U.S. dollar could collapse into year-end, potentially providing a bullish tailwind for U.S. equities through the final months. DIRECTION ONLY
Month 10d Peter Schiff AUSTRIAN · GOLD BEARISH Strong
DXY America’s debt spiral could culminate in a dollar crisis as rising interest costs fuel massive deficits, a long-standing structural thesis. DIRECTION ONLY
Year 12d David Woo RATES · FX · GEOPOLITICS BEARISH Moderate
DXY A major AI-related incident may become the biggest downside risk to the US dollar, with markets not pricing even a small probability of this risk. DIRECTION ONLY
Year 13d Jeffrey Snider DOLLAR LIQUIDITY BULLISH Strong
DXY The dollar is getting stronger as tightening global credit forces dollar borrowers to secure funding for existing debt service rather than reflecting US economic strength. DIRECTION ONLY
Month 15d Andreas Steno Larsen GLOBAL MACRO BULLISH Moderate
DXY The dollar is likely to strengthen further against the yen as a hawkish Fed forces the Bank of Japan to catch up with additional tightening. DIRECTION ONLY
Month 15d David Keller TECHNICAL · FINAL BAR BULLISH Strong
DXY Dollar Index remains in a remarkably consistent uptrend since the second week of September, despite an afternoon rollover from roughly 103. LEVELS · RESISTANCE 103
Month 17d Mark Newton INSTITUTIONAL TECHNICALS BEARISH Moderate
DXY The dollar could weaken into the November-through-April stretch, a move expected to benefit emerging markets alongside a stronger global equity backdrop. DIRECTION ONLY
Year 18d Brent Johnson DOLLAR MILKSHAKE BULLISH Strong
DXY The dollar should return to much higher levels as global dollar demand persists, though a short-term pullback remains possible. DIRECTION ONLY
Year 23d Peter Reznicek MARKET PROFILE · ES BULLISH Moderate
DXY The dollar is not backing off and continued strength should pressure gold as higher rates keep supporting the currency. DIRECTION ONLY
Week 30d Jason Shapiro POSITIONING · COT BEARISH Moderate
DXY The dollar is currently holding markets together but would likely fail miserably if authorities intervene to support bonds. DIRECTION ONLY
Month 31d Mohamed El-Erian FED · POLICY ERROR BULLISH Moderate
DXY The US dollar is likely to strengthen as persistent price shocks force monetary tightening without meaningful fiscal consolidation. DIRECTION ONLY
Year 33d Joseph Wang FED PLUMBING BULLISH Moderate
DXY The dollar remains structurally supported because foreign investors need dollars to access US financial markets, a long-standing position rather than a fresh call. DIRECTION ONLY
Year 35d
Julien Bittel LIQUIDITY · CYCLES BEARISH Strong
DXY The dollar should fall as the yield curve bull steepens, short-end rates decline, and easing oil, rates, and hedging demand release global liquidity. DIRECTION ONLY
Month 36d Jim Bianco RATES & FIXED INCOME BULLISH Moderate
DXY Foreign stablecoin adoption could create substantial new dollar demand as people outside the United States use dollar-backed tokens as an entry into dollars. DIRECTION ONLY
Year 37d Bob Elliott MACRO ALLOCATION BEARISH Moderate
DXY Yen durability is more likely to come from fostering Japan’s nascent positive growth trajectory than from rate hikes, creating a weaker dollar backdrop. DIRECTION ONLY
Year 55d Charlie Bilello DATA · BREADTH BEARISH Strong
DXY The dollar would collapse if trillions of dollars were printed and distributed by helicopter, despite a temporary boost to nominal GDP. DIRECTION ONLY
Year 60d Danielle DiMartino Booth LABOR INTERNALS NEUTRAL Neutral
DXY The dollar is likely to hover unless Treasury buybacks become materially larger, as a bigger program would be needed for another major decline. DIRECTION ONLY
Month 64d Michael Howell GLOBAL LIQUIDITY BEARISH Moderate
DXY The dollar would weaken if Treasury funding shifts further toward bills, a policy response that would also amplify front-end liquidity pressures. DIRECTION ONLY
Month 79dGold
34 Views Peter Schiff AUSTRIAN · GOLD BULLISH Strong
GLD Gold’s near-$150 decline reflects a short-term liquidity problem likely to spread into broader markets as soon as next week, creating an unexpected opportunity to add exposure. DIRECTION ONLY
Week 1d Luke Gromen FISCAL DOMINANCE BEARISH Moderate
GLD Precious metals should sell off whenever US real rates reach +2%, a recurring fiscal-dominance symptom rather than a fresh call. LEVELS · RESISTANCE 2
Week 1d Brian Shannon TECHNICAL · AVWAP BULLISH Moderate
GLD Gold remains aligned with the bullish outlook outlined last Friday, with an updated near-term technical outlook maintained for $GLD. DIRECTION ONLY
Week 1d Peter Boockvar DATA REACTION BULLISH Moderate
GLD Gold should end its corrective move from the January peak if real interest rates fall following a Fed decision not to raise rates in December. DIRECTION ONLY
Month 1d David Keller TECHNICAL · FINAL BAR BEARISH Moderate
GLD Gold remains in a downtrend phase below its third decelerating trendline, with any break signaling a potential change in the pace of decline. DIRECTION ONLY
Week 2d Charlie Bilello DATA · BREADTH BEARISH Moderate
GLD Gold is down 7.5% so far in 2026, making it one of the two worst-performing major assets in an unprecedented calendar-year start. DIRECTION ONLY
Year 6d Jurrien Timmer LONG-HORIZON MACRO BULLISH Moderate
GLD Gold remains a constructive real-asset holding as even a remote prospect of Treasury gold repricing underscores risks from desperate government actions. DIRECTION ONLY
Year 8d Peter Reznicek MARKET PROFILE · ES BEARISH Moderate
GLD Gold faces somewhat more downside for longer-term holders before an upturn, as capital rotates toward still-high bond yields. DIRECTION ONLY
Month 8d JC Parets INTERMARKET · RS BEARISH Moderate
GLD Gold is not a hedge against inflation and remains a long-standing bearish view rather than a fresh call. DIRECTION ONLY
Month 8d Peter Brandt CLASSICAL CHARTING BEARISH Weak
GLD Gold could erase its entire 2025 advance, though this is presented as a possibility rather than a forecast. DIRECTION ONLY
Month 8d Tom Lee US EQUITY STRATEGY BULLISH Moderate
GLD $GLD faces a potential quantum-day catalyst, implying a sharp upside price move if the referenced development proves true. DIRECTION ONLY
Week 9d Jason Shapiro POSITIONING · COT BEARISH Moderate
GLD Gold has traded poorly despite the bond rally, and positioning has not become favorable enough to justify involvement. DIRECTION ONLY
Week 9d Mike Green PASSIVE FLOWS · STRUCTURE BEARISH Moderate
GLD Gold prices face a modest net negative if Marathon successfully manufactures gold, creating a low-cost producer through transmutation. DIRECTION ONLY
Year 9d
Lyn Alden FISCAL · LIQUIDITY · BITCOIN BULLISH Strong
GLD Gold's bull market remains on track over the longer term despite a period when prices got ahead of themselves. DIRECTION ONLY
Year 11d Steve Hanke MONEY SUPPLY BULLISH Strong
GLD Gold is positioned for appreciation, expressed as a long-standing preference for holding bullion rather than a fresh call. DIRECTION ONLY
Year 12d Keith McCullough QUAD REGIME · FUNNEL BEARISH Strong
GLD Gold remains bearish on both trade and trend measures after falling another 0.5%, maintaining a near-term downside view. DIRECTION ONLY
Week 19d Darius Dale REGIME NOWCAST · FUNNEL BULLISH Strong
GLD Gold should replace bonds as a core diversifier in the current structural macro regime, reducing drawdown and correlation risk versus traditional 60/40 portfolios. DIRECTION ONLY
Year 22d Brent Johnson DOLLAR MILKSHAKE BULLISH Moderate
GLD Gold should make a fairly big move higher over the next few weeks after momentum faded and a golden cross formed. DIRECTION ONLY
Week 23d Jim Bianco RATES & FIXED INCOME NEUTRAL Neutral
GLD Gold trading has become excessively paperized, producing extreme upside and downside moves that can obscure otherwise positive underlying fundamentals. DIRECTION ONLY
Month 25d David Rosenberg RECESSION RISK BULLISH Strong
GLD Gold remains in a secular bull market despite the correction, supported by continuing central-bank reserve diversification away from US dollars. DIRECTION ONLY
Year 30d
Dan Nathan OPTIONS POSITIONING BEARISH Moderate
GLD Gold’s current setup is unfavorable, signaling near-term downside risk and a deteriorating technical backdrop rather than a constructive bullish one. DIRECTION ONLY
Week 33d Julien Bittel LIQUIDITY · CYCLES BULLISH Strong
GLD Gold should run as a bull steepener lowers the dollar and short rates, releasing liquidity once oil, rates, and currency hedging pressures ease. DIRECTION ONLY
Month 36d Lance Roberts MACRO · POSITIONING BEARISH Strong
GLD Gold would be liquidated for dollar exposure in a severe 8% 10-year yield scenario, leaving no asset class performing well. LEVELS · TARGET 8
Year 37d David Woo RATES · FX · GEOPOLITICS BULLISH Moderate
GLD Gold would rise if the fragile China truce breaks down or an AI-enabled security failure triggers a broader risk shock. DIRECTION ONLY
Year 41d Danielle DiMartino Booth LABOR INTERNALS BULLISH Strong
GLD Precious metals offer the only reliable refuge as private-credit defaults, bankruptcies, and broader credit-market stress intensify under high interest rates. DIRECTION ONLY
Month 44d Bob Elliott MACRO ALLOCATION BULLISH Moderate
GLD Gold benefits as policymakers risk allowing inflationary pressures to pervade the economy rather than delivering sufficient monetary tightening. DIRECTION ONLY
Month 57d Jeffrey Snider DOLLAR LIQUIDITY BULLISH Strong
GLD Diesel prices are set to remain exceptionally expensive if disrupted Middle Eastern flows, restricted Russian exports, and weak Chinese exports persist into seasonal demand. DIRECTION ONLY
Month 59d Cem Karsan DEALER GAMMA · VOL BEARISH Strong
GLD Gold is expected to decline over the near term, with long bonds and US stocks also projected to weaken materially. DIRECTION ONLY
Week 64d Liz Ann Sonders US EQUITY MACRO BULLISH Moderate
GLD Gold has reached a three-month high as the debasement trade returns alongside expanded long-dated Treasury buybacks, reviving fiscal-policy and dollar-credibility concerns. DIRECTION ONLY
Month 68d Brent Kochuba GAMMA · 0DTE · FUNNEL BULLISH Moderate
GLD $GLD call buying has surged over the last few weeks as gold approaches January highs reached when it broke $5,000. DIRECTION ONLY
Week 70d Mohamed El-Erian FED · POLICY ERROR BULLISH Moderate
GLD Gold has continued its rebound in morning trading, topping $4,600 per ounce amid notable market price moves across the session. LEVELS · TARGET 4600
Week 71d Joseph Wang FED PLUMBING BULLISH Moderate
GLD Gold has broken above its 200-day moving average, reinforcing a near-term bullish technical setup amid the administration's “Golden Age” messaging. DIRECTION ONLY
Week 73d Michael Howell GLOBAL LIQUIDITY BULLISH Strong
GLD Gold should continue attracting demand as China expands liquidity to manage domestic debt, with Chinese monetary conditions increasingly setting global gold pricing. DIRECTION ONLY
Year 79d Chris Ciovacco TREND · CYCLE BULLISH Moderate
GLD Gold remains favored on a long-term basis despite its pullback, though incremental additions warrant patience until resistance near prior volume-weighted entry areas clears. DIRECTION ONLY
Month 84dSilver
12 Views Peter Schiff AUSTRIAN · GOLD BULLISH Strong
SLV Silver’s over-$3 decline reflects a short-term liquidity problem likely to spread into broader markets as soon as next week, creating an unexpected opportunity to add exposure. DIRECTION ONLY
Week 1d Peter Brandt CLASSICAL CHARTING BULLISH Moderate
SLV Silver’s purge of holders who bought above $90–$100 and are now selling is forming the early stages of a durable market bottom. DIRECTION ONLY
Month 1d Andreas Steno Larsen GLOBAL MACRO BULLISH Moderate
SLV Silver has reached the $50 level within a year, validating a long-standing bullish position rather than a fresh call. LEVELS · TARGET 50
Year 1d Keith McCullough QUAD REGIME · FUNNEL BEARISH Strong
SLV Silver is down another 3% this morning, extending the ongoing crash to 57% below its prior cycle peak. DIRECTION ONLY
Week 1d Jason Shapiro POSITIONING · COT BEARISH Strong
SLV Silver is making new lows as positioning remains unfavorable, undermining the thesis that it should benefit from artificial intelligence strength. DIRECTION ONLY
Week 9d Darius Dale REGIME NOWCAST · FUNNEL BEARISH Strong
SLV Silver is accelerating to the downside and breaking to new lows as monetary policy and liquidity cycles turn from tailwinds into meaningful headwinds. DIRECTION ONLY
Month 9d Lyn Alden FISCAL · LIQUIDITY · BITCOIN BULLISH Moderate
SLV Silver stands to benefit over the long term from trends supporting competing stores of value and hard assets. DIRECTION ONLY
Year 11d Charlie Bilello DATA · BREADTH BULLISH Weak
SLV Silver has risen 5% over the last year, indicating a modestly higher price trend even as precious-metals performance remains mixed. DIRECTION ONLY
Year 14d David Keller TECHNICAL · FINAL BAR BEARISH Moderate
SLV Silver remains in a technical distribution phase as the stronger dollar creates a major headwind, following a decline of almost 6%. DIRECTION ONLY
Week 17d Luke Gromen FISCAL DOMINANCE BULLISH Strong
SLV Silver demand from solar, batteries, EVs, and broader electrification is likely stronger than current expectations despite its decline from prior highs. DIRECTION ONLY
Year 23d Jim Bianco RATES & FIXED INCOME NEUTRAL Neutral
SLV Silver trading has become excessively paperized, producing extreme upside and downside moves that can obscure otherwise positive underlying fundamentals. DIRECTION ONLY
Month 25d Michael Howell GLOBAL LIQUIDITY BULLISH Strong
SLV Silver prices should strengthen alongside gold as Chinese monetary expansion renews momentum across the precious-metals complex and supports further demand. DIRECTION ONLY
Year 81dCopper
16 Views Steve Hanke MONEY SUPPLY BULLISH Strong
CPER Copper is supported by a record Yangshan premium above $200 per ton, signaling strong Chinese demand for imported metal. DIRECTION ONLY
Month 18h Peter Brandt CLASSICAL CHARTING BEARISH Moderate
CPER Copper is overvalued, with mining CEOs hedging and downside risk implied below $5.30 after few expected silver to revisit $50. LEVELS · TARGET 5.3
Month 1d Lyn Alden FISCAL · LIQUIDITY · BITCOIN BULLISH Moderate
CPER Copper is a potential long-term beneficiary of trends expected to sustain demand for energy and related real assets. DIRECTION ONLY
Year 11d Charlie Bilello DATA · BREADTH BULLISH Moderate
CPER Copper has gained 32% over the last year, extending a materially higher price trend among the strongest-performing commodities. DIRECTION ONLY
Year 14d Keith McCullough QUAD REGIME · FUNNEL BULLISH Moderate
CPER Dr. Copper held its TREND signal and rose 1.4%, maintaining near-term upside momentum and a constructive technical trend for copper prices. DIRECTION ONLY
Week 15d David Keller TECHNICAL · FINAL BAR BEARISH Moderate
CPER Copper prices are weakening alongside precious metals and soft commodities, reflecting broad commodity-market deterioration outside crude oil and energy. DIRECTION ONLY
Week 33d Jason Shapiro POSITIONING · COT BULLISH Moderate
CPER Copper is making new highs after speculative long positioning eased, while its fundamental backdrop remains valid and trend following may improve. DIRECTION ONLY
Month 39d Bob Elliott MACRO ALLOCATION BULLISH Moderate
CPER Copper has reached all-time highs and risen 50% over the last year as the commodity surge extends well beyond oil and refined products. DIRECTION ONLY
Year 39d Luke Gromen FISCAL DOMINANCE BULLISH Strong
CPER Copper supply-chain constraints could become severe enough that cash may not secure physical copper, supporting a long-standing preference for holding warehouse inventory. DIRECTION ONLY
Year 43d Mohamed El-Erian FED · POLICY ERROR BULLISH Strong
CPER Copper has printed fresh record highs as a broad commodity rally pushes the Bloomberg Commodity Index to levels not seen in over a decade. DIRECTION ONLY
Month 52d Jeffrey Snider DOLLAR LIQUIDITY BEARISH Moderate
CPER Copper’s recent rise is a tariff-driven supply squeeze rather than reflation, and the copper-to-gold ratio is likely to revert lower toward Chinese bond yields. DIRECTION ONLY
Month 53d Peter Schiff AUSTRIAN · GOLD BULLISH Moderate
CPER Copper content in modern nickels is worth 7.76 cents, 55% above face value, supporting a long-standing preference for hard assets over Treasuries. LEVELS · TARGET 7.76
Year 53d Jim Bianco RATES & FIXED INCOME BULLISH Strong
CPER Copper has reached a new all-time high above $14,530 a ton, up more than 68% since Liberation Day in April 2025. LEVELS · TARGET 14530
Month 53d Peter Boockvar DATA REACTION BULLISH Moderate
CPER Agriculture has joined the commodity bull market, extending the advance beyond industrial metals and signaling broader upward pressure across raw materials. DIRECTION ONLY
Month 60d Darius Dale REGIME NOWCAST · FUNNEL BULLISH Moderate
CPER Industrial commodities remain bullish in the volatility-adjusted momentum and probable-range models, retaining a positive near-term price signal across the industrial complex. DIRECTION ONLY
Week 72d Michael Howell GLOBAL LIQUIDITY HIGHER Strong
CPER Commodity demand should strengthen through 2027 as global real-economy expansion continues well after the liquidity peak, favoring industrial commodities over financial assets. DIRECTION ONLY
Year 79dWTI / OIL
32 Views Steve Hanke MONEY SUPPLY BULLISH Strong
USO Oil faces near-term upside pressure as the Strait of Hormuz is effectively closed, with tanker crossings collapsing from 46 last year to one on October 30. DIRECTION ONLY
Week 4h Keith McCullough QUAD REGIME · FUNNEL BULLISH Strong
USO Oil is favored in factor baskets, with long exposure presented as constructive amid rotation away from AI-linked assets and Bitcoin. DIRECTION ONLY
Week 10h David Woo RATES · FX · GEOPOLITICS BULLISH Strong
USO Oil prices can rise without a Hormuz closure because threats of further attacks lift freight and insurance costs. DIRECTION ONLY
Month 2d Lance Roberts MACRO · POSITIONING BULLISH Moderate
USO Oil prices face upside pressure from renewed geopolitical tensions involving Iran, raising inflation expectations and pushing Treasury yields higher. DIRECTION ONLY
Month 5d Jeffrey Snider DOLLAR LIQUIDITY BULLISH Moderate
USO Oil faces persistent global energy-market bottlenecks from longer shipping routes, higher insurance costs, and limited refinery capacity despite renewed Strait of Hormuz flows. DIRECTION ONLY
Month 6d Peter Brandt CLASSICAL CHARTING BEARISH Moderate
USO Brent North Sea crude faced a pending up-thrust, signaling a near-term bearish reversal risk after the reported price advance. DIRECTION ONLY
Week 6d Bob Elliott MACRO ALLOCATION BULLISH Moderate
USO Oil markets are increasingly pricing persistently elevated prices, while investors remain broadly unprepared for the implications of this new market reality. DIRECTION ONLY
Year 6d Mohamed El-Erian FED · POLICY ERROR BULLISH Moderate
USO WTI crude has risen above $101 a barrel as Brent tops $115, signaling continued upside pressure in oil prices. LEVELS · TARGET 101
Week 8d Peter Reznicek MARKET PROFILE · ES BEARISH Moderate
USO Crude oil could eventually form a lower high and retest its trendline, creating a tailwind for the broader market. DIRECTION ONLY
Month 8d Jason Shapiro POSITIONING · COT BULLISH Moderate
USO Crude oil’s advance is sustainable because market participants remain underpositioned after getting burned chasing the prior war-driven move. DIRECTION ONLY
Year 9d Luke Gromen FISCAL DOMINANCE BULLISH Moderate
USO Oil prices appear inconsistent with reports that Qatar LNG damage was limited and Hormuz energy flows have normalized, implying persistent physical-market stress. DIRECTION ONLY
Week 9d David Keller TECHNICAL · FINAL BAR BEARISH Moderate
USO Crude oil prices are generally drifting lower, with elevated prices no longer pushing materially higher as the week progresses. DIRECTION ONLY
Week 10d Jurrien Timmer LONG-HORIZON MACRO BULLISH Strong
USO Crude oil prices have returned above $100, while the Brent ninth-forward contract continues making new highs and stands $7 above its February level. LEVELS · TARGET 100
Month 10d Lyn Alden FISCAL · LIQUIDITY · BITCOIN BULLISH Strong
USO Energy remains a long-term bullish theme as demand for energy assets and infrastructure that transfers energy is expected to persist. DIRECTION ONLY
Year 11d Peter Schiff AUSTRIAN · GOLD BULLISH Strong
USO Oil is still early in a major breakout that will substantially raise living costs, with prices already at $110 after another 6% morning gain. LEVELS · TARGET 110
Year 11d Charlie Bilello DATA · BREADTH BULLISH Strong
USO WTI crude has risen 77% over the last year, reflecting a strongly higher commodity-price trend despite varied performance across other raw materials. DIRECTION ONLY
Year 14d Joseph Wang FED PLUMBING BULLISH Strong
USO Oil futures should continue surging as escalating Saudi-Yemen conflict exposes vulnerable energy infrastructure and threatens disruptions to refined-product supplies. DIRECTION ONLY
Month 14d Chris Ciovacco TREND · CYCLE BULLISH Weak
USO Crude oil is nearing a long-standing range breakout, which would raise concerns for stocks, growth, inflation, and Fed policy if confirmed. DIRECTION ONLY
Month 14d Andreas Steno Larsen GLOBAL MACRO BEARISH Moderate
USO Oil prices face downside risk because physical-market indicators show adequate crude supply, while the remaining constraint lies in refined products rather than oil availability. DIRECTION ONLY
Month 18d JC Parets INTERMARKET · RS BULLISH Moderate
USO Crude oil appears to be forming a behemoth base, signaling a potentially constructive longer-term setup that could support higher prices. DIRECTION ONLY
Year 21d Mark Newton INSTITUTIONAL TECHNICALS BEARISH Moderate
USO Crude is starting to weaken as rates pull back, with deterioration in the broader tape also worth monitoring near term. DIRECTION ONLY
Week 23d Liz Ann Sonders US EQUITY MACRO BULLISH Strong
USO Oil is up more than 5% today amid heightened Strait of Hormuz tensions and the looming threat of Hurricane Isaias. DIRECTION ONLY
Week 23d Jim Bianco RATES & FIXED INCOME BULLISH Moderate
USO Energy-product shortages from damaged refineries and potential US export restrictions could keep gasoline prices elevated even if crude flows normalize. DIRECTION ONLY
Month 26d Cem Karsan DEALER GAMMA · VOL BEARISH Moderate
USO WTI fell 3.7% after pressure on European governments to accelerate diesel supply releases, easing a primary inflation pressure for Treasuries and equities. DIRECTION ONLY
Week 28d David Rosenberg RECESSION RISK BEARISH Moderate
USO Energy prices should peak and remain elevated rather than continue rising, as Hormuz traffic and Gulf-region exports ramp up during the conflict. DIRECTION ONLY
Month 30d Ben Carlson ALLOCATION · BEHAVIOUR BULLISH Moderate
USO Oil has climbed from $67 before the war to $90 now, alongside higher inflation, Treasury yields, mortgage rates, and gasoline prices. DIRECTION ONLY
Month 31d Michael Kantrowitz HOPE CYCLE BULLISH Moderate
USO Oil prices continue to rise alongside interest rates, while the front end of the oil curve may still contain more noise than signal. DIRECTION ONLY
Week 32d Julien Bittel LIQUIDITY · CYCLES BEARISH Strong
USO WTI crude should move lower if a Strait reopening deal lands before the midterms, while a break above $110 would delay this liquidity-driven setup. LEVELS · RESISTANCE 110
Month 36d Danielle DiMartino Booth LABOR INTERNALS BEARISH Moderate
USO Oil prices need to come down to provide substantial relief to US and global households facing elevated living costs. DIRECTION ONLY
Month 37d Darius Dale REGIME NOWCAST · FUNNEL BULLISH Strong
USO Crude oil will likely continue gradually trending higher if the United States refuses to exit the Strait of Hormuz conflict. DIRECTION ONLY
Month 38d Brent Kochuba GAMMA · 0DTE · FUNNEL BULLISH Weak
USO Oil has returned as a key driver of equity prices after its relationship with $SPY shifted over the past ten days. DIRECTION ONLY
Week 52d Michael Howell GLOBAL LIQUIDITY BULLISH Strong
USO Oil prices are likely to rise significantly as strong real-economy activity boosts commodity demand and the gold-oil ratio moves toward long-run mean reversion. DIRECTION ONLY
Month 79dNat Gas
7 Views Keith McCullough QUAD REGIME · FUNNEL BULLISH Moderate
UNG Natural gas has risen 11% over the last month, with winter approaching and seasonal demand expected to remain supportive. DIRECTION ONLY
Month 12d Charlie Bilello DATA · BREADTH BULLISH Weak
UNG Natural gas has increased 7% over the last year, maintaining a modestly positive price trend despite broad dispersion across commodities. DIRECTION ONLY
Year 14d Steve Hanke MONEY SUPPLY BULLISH Strong
UNG Natural gas prices should rise as European gas storage sits below 74%, well under the seasonal average of 90%, tightening the supply backdrop. DIRECTION ONLY
Month 17d Jim Bianco RATES & FIXED INCOME BULLISH Moderate
UNG Natural gas prices face further upward pressure as the Russia-Ukraine war appears to be worsening rather than ending. DIRECTION ONLY
Month 29d David Keller TECHNICAL · FINAL BAR BULLISH Moderate
UNG Natural gas prices continue accelerating higher as colder winter heating demand approaches, creating a potential cost pressure for consumers. DIRECTION ONLY
Week 37d Jason Shapiro POSITIONING · COT BULLISH Moderate
UNG Natural gas has led Bitcoin this week, climbing around 12% and sustaining a notably stronger short-term upside move. DIRECTION ONLY
Week 37d Andreas Steno Larsen GLOBAL MACRO BULLISH Moderate
UNG European natural gas conditions look increasingly strained, pointing to further upside pressure across natural gas prices in the near term. DIRECTION ONLY
Month 59dBitcoin
22 Views Keith McCullough QUAD REGIME · FUNNEL BEARISH Strong
BTC Bitcoin and related stocks should be exited, as factor baskets rotate toward oil and energy stocks rather than speculative technology exposure. DIRECTION ONLY
Week 10h Steve Hanke MONEY SUPPLY BEARISH Strong
BTC Crypto is unsafe and unsound after hackers stole an estimated $6.3 billion from Binance, forcing the exchange to suspend all withdrawals. DIRECTION ONLY
Year 1d David Keller TECHNICAL · FINAL BAR BEARISH Strong
BTC Bitcoin is failing to hold key 80,000 round-number support, confirming a new distribution phase unless price quickly proves otherwise. LEVELS · SUPPORT 80000
Week 1d Brent Kochuba GAMMA · 0DTE · FUNNEL BEARISH Strong
BTC Crypto is getting crushed in near-term trading, signaling continued downside pressure across Bitcoin and the broader digital-asset complex. DIRECTION ONLY
Week 1d Jason Shapiro POSITIONING · COT BULLISH Moderate
BTC Bitcoin’s four-year cycle has begun, signaling the start of a constructive long-term phase rather than a short-term trading call. DIRECTION ONLY
Year 1d Tom Lee US EQUITY STRATEGY BULLISH Moderate
BTC Bitcoin bearish positioning is questioned, signaling a constructive near-term stance that crypto prices can move higher from current levels. DIRECTION ONLY
Week 2d Luke Gromen FISCAL DOMINANCE BULLISH Strong
BTC Bitcoin is positioned to benefit structurally from the labor-force displacement associated with China’s WTO entry and its lasting economic and political consequences. DIRECTION ONLY
Year 3d Brian Shannon TECHNICAL · AVWAP BULLISH Moderate
BTC Bitcoin has solid support near 80, and an undercut toward 78 followed by recovery above 80 could pave the way for a year-end rally. LEVELS · SUPPORT 80 · SUPPORT 78
Year 4d Charlie Bilello DATA · BREADTH BEARISH Moderate
BTC Bitcoin is down 7.3% so far in 2026, making it one of the two worst-performing major assets in an unprecedented calendar-year start. DIRECTION ONLY
Year 6d Peter Schiff AUSTRIAN · GOLD BEARISH Strong
BTC Bitcoin is breaking down below $80K, with $75K the likely next stop and further weakness possible if that level fails today. LEVELS · RESISTANCE 80000 · TARGET 75000
Week 7d Jurrien Timmer LONG-HORIZON MACRO BULLISH Strong
BTC Bitcoin is likely to keep gaining relative to gold for a while, while remaining supported by demand for real assets amid concerns about desperate government actions. DIRECTION ONLY
Year 8d Mike Green PASSIVE FLOWS · STRUCTURE BEARISH Strong
BTC Bitcoin faces existential downside if quantum computing breaks its algorithm, eliminating the network’s security, incorruptibility, and the integrity of ownership. DIRECTION ONLY
Year 9d Darius Dale REGIME NOWCAST · FUNNEL BULLISH Strong
BTC Bitcoin should replace bonds as a core diversifier in the current structural macro regime, reducing drawdown and correlation risk versus traditional 60/40 portfolios. DIRECTION ONLY
Year 22d JC Parets INTERMARKET · RS BEARISH Moderate
BTC Bitcoin’s current price pattern resembles a familiar bearish setup rather than a novel development, pointing toward lower prices over the coming weeks. DIRECTION ONLY
Month 26d Jim Bianco RATES & FIXED INCOME BULLISH Strong
BTC Crypto becomes extraordinarily compelling if it returns to building a decentralized financial system for populations facing unstable currencies and weak institutions. DIRECTION ONLY
Year 26d Peter Brandt CLASSICAL CHARTING BULLISH Strong
BTC Bitcoin has entered a new bull market, supporting a constructive longer-term outlook for $BTC alongside a broad range of altcoins. DIRECTION ONLY
Year 32d Chris Ciovacco TREND · CYCLE BULLISH Weak
BTC Bitcoin's monthly RSI is attempting to cross 50, a historically bullish tendency, though price still needs to clear its moving-average cluster. DIRECTION ONLY
Month 35d Julien Bittel LIQUIDITY · CYCLES BULLISH Strong
BTC Bitcoin should outperform through a regime shift from debasement-driven gains toward productivity-led growth, supported by rising liquidity and a weakening dollar. DIRECTION ONLY
Year 36d Mark Newton INSTITUTIONAL TECHNICALS BULLISH Strong
BTC Bitcoin is expected to rise to $85,000–$90,000 before consolidating around $70,000, with the crypto winter described as over. LEVELS · TARGET 85000 · TARGET 90000
Month 53d Mohamed El-Erian FED · POLICY ERROR BULLISH Moderate
BTC Bitcoin has continued its rebound in morning trading, crossing above $77,800 amid notable market price moves across the session. LEVELS · TARGET 77800
Week 71d Andreas Steno Larsen GLOBAL MACRO BULLISH Moderate
BTC Bitcoin could benefit from debt buybacks, framed as a near-term risk-on trade rather than a broader market thesis. DIRECTION ONLY
Week 71d Michael Howell GLOBAL LIQUIDITY BEARISH Moderate
BTC Crypto remains under pressure as global and Federal Reserve liquidity fade, while gold benefits from China-driven liquidity expansion and outperforms monetary hedges. DIRECTION ONLY
Month 79d