Research @ Citi

Rob Rowe sits down with Ernesto Revilla and Luis Costa to discuss Latin America's prospects, with their conversation covering everything from elections and El Niño to monetary policy and trade. What should investors watch for as this optimistic growth story plays out? This podcast contains thematic content and is not intended to be investment research, nor does it constitute financial, economic, l...

Beata Manthey and David Groman assess the last few weeks in equities, with AI volatility, the U.S. midterms and geopolitics all moving markets. They look at how our strategies have changed and what investors should be watching from here on out. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting...

Dirk Willer and Alex Saunders discuss what's behind recent pullbacks for equities and which strategies investors should consider going forward. They're cautious given market signals, yet open-minded given that the AI bubble may not have peaked. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting...

Rob Rowe sits down with Arkady Gevorkyan to discuss all things El Niño: what it is, how a range of agricultural commodities could be affected, and what investors ought to watch for as events unfold. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for informati...

Scott Chronert and Daniel Tobon consider possible outcomes of the U.S. midterm elections, the potential effects on public policy and markets, and why a lot of today's uncertainties around key issues will likely be tomorrow's uncertainties as well. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounti...

Dirk Willer and Johanna Chua discuss key takeaways from the IMF meetings in Bangkok, including rising global bond yields, evolving central bank reaction functions, U.S. midterm election implications, and the growing influence of AI on productivity, capital demand, and markets. They also explore how emerging markets are navigating higher-for-longer interest rates, geopolitical risks, and diverging...

Rob Rowe and Candi Wolff discuss scenarios for the U.S. midterm elections and explore the "three A's" that have emerged as key issues for voters: affordability, AI, and anti-establishment populism. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for informatio...

Beata Manthey and David Groman discuss why they see the year's market gains as a sign of resilience and not complacency. The macro and earnings backdrop matters more than headwinds from rates, geopolitics and political risks, and that backdrop continues to hold up. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, lega...

Dirk Willer and Adam Pickett see increasing fixed-income volatility as raising the risk that equities and other risky assets will start to take rising rates more seriously. But they note that such volatility spikes tend to be short-lived. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice...

Erica Poon Werkun and Tony Yuen discuss energy's central role in two major developments shaping the global economy: geopolitics and AI. What's the connection with inflation and rates, and which scenarios should investors consider? This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This p...

Scott Chronert and Patrick Galvin discuss topics they see shaping the fourth quarter for markets, and why the factors at work suggest a more eclectic approach to positioning as the end of the year approaches. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for...

Heath Terry and Omar Ahmed review what they heard at Citi's Global TMT Conference, from a significant shift in tone in AI discussions and how to navigate bottlenecks to telecom trends and positioning vs. fundamentals. This podcast is provided for informational purposes only and does not constitute investment research, investment, legal, tax, accounting, or other professional advice, nor an offer,...

Dirk Willer and Alex Saunders discuss investment strategies in light of a flurry of recent developments, ranging from hawkish central banks (with a dovish surprise from the Bank of Japan) to crypto price action. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided...

Beata Manthey and Max Layton explore the latest developments in the U.S.-Iran conflict and various scenarios as we approach year's end. As they discuss, Iran has incentives to escalate the conflict, which seems likely to get worse before it gets better. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or ac...

Adam Pickett and Giammarco Miani explain why they're not worried about U.S. Treasury yields, while noting there's a bit more risk of a September rate hike than markets are accounting for. So what would happen if there is a hike? This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This pod...

AI capex spending is seeing a shift from free cash to debt financing, creating stress points within the markets. Scott Chronert and Daniel Sorid look at AI debt issuance and discuss what investors should watch for in a quickly evolving situation. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accountin...

Physical AI will see artificial intelligence move beyond the digital realm into factories, warehouses, transportation networks and everyday life, with profound impacts on companies, supply chains and the broader economy. Ahead of Citi's Global TMT Conference in New York, Elise Badoy and Martin Wilkie explore this fascinating frontier and its implications. This podcast contains thematic content and...

Dirk Willer and Alex Saunders think the jury is still out on how successful the U.S. Treasury will be in stabilizing the back end, but note it has some bullets at its disposal. They discuss the macro implications of Treasury's move for assets ranging from gold to the dollar and equities. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute fi...

Is Europe becoming the AI hedge investors didn't know they needed? Beata Manthey and David Groman explore that in the latest Research @ Citi Markets Edition podcast as they discuss why they remain constructive on global equities, what is driving the broadening of market performance beyond a handful of winners, and why Europe may be particularly well-positioned. This podcast contains thematic conte...

Adam Pickett and Giammarco Miani offer a high-level macro overview for investors, with discussion topics ranging from risk and the Fed's path to what's ahead for Japan and FX strategies. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for information purposes...

Kyna Wong and Pierre Lau join Erica Poon Werkun to discuss the shift to 800VDC power architecture in AI data centers. This seemingly arcane technological change will have profound impacts on a number of AI-related sectors, and investment implications across Asia. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal,...

An old investing adage is to just own the S&P 500. But you have to know what you're buying — and as Scott Chronert and Patrick Galvin discuss, the S&P 500 has seen a major evolution over the last 30 years. So how has it changed, and what do these changes mean for broader exposure to U.S. equities and the AI theme? This podcast contains thematic content and is not intended to be investment research...

Adam Pickett and Alex Saunders discuss what investors ought to consider in assessing markets. As the two explore in their conversation, we've moved from an era of low-risk, high-conviction trades — the penalty kicks — to one that's being shaped by ongoing macro risks. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, l...

Rob Rowe and Veronica Clark discuss the Fed under Kevin Warsh, including the future of forward guidance and dot plots, and why we continue to expect rate cuts and not hikes. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for information purposes only and does...