Research @ Citi

In this Research @ Citi Markets Edition, global macro strategists Dirk Willer and Adam Pickett examine three topics: the state of the U.S. economy and equity markets, the outlook for the FOMC roster and its impact on rates and FX, and the debates around tariffs — their legality and potential lagged inflationary impact. This podcast contains thematic content and is not intended to be investment res...

Citi Head of Research Lucy Baldwin sits down with Heath Terry, Head of Tech and Communications Research, to discuss AI as the apex technology of the Information Age. Topics discussed include the pendulum swings in investors’ views of AI, what we’re learning from AI use cases, the future of the enterprise tech stack, and the critical role of private companies. This podcast contains thematic content...

The Research @ Citi Markets Edition delivers incisive insights into what’s shaping the financial markets today. In this inaugural edition, U.S. equity strategist Scott Chronert explains what underpins his structural bull case for the S&P 500, and why maintaining a longer-term perspective amid cyclical gyrations is especially important now that the market has begun to respond to AI investment. This...

Rob Rowe, U.S. Regional Director of Research and Head of Global Strategy and Macro Group, sits down with Chief U.S. Economist Andrew Hollenhorst for a discussion of the U.S. economy and the Fed. They break down how recent payrolls revisions have changed the narrative around the U.S. labor market and look at the effects of tariffs on consumer prices. And what does all this mean for the Fed's path?...

Anne Malone, North America Head of Research, sits down with Scott Gruber, who covers the U.S. Exploration and Production & U.S. Oilfield Services and Equipment Sectors, to discuss hot topics for Citi's Global Energy Conference in Las Vegas. Atop the list is AI, which has become the most important theme in the energy industry today, with the industry having made progress in tackling how to safely e...

Brent Robinson sits down with Josh Williamson and Faraz Syed to discuss how Australia and New Zealand are faring amid current uncertainties. Conversation topics include potential U.S. tariffs, trade relations with China, Australia’s monetary-policy path, and whether it and New Zealand can be safe havens for investors This podcast contains thematic content and is not intended to be investment resea...

What are the dynamics Citi Research sees as driving gold prices? Is the selloff in oil markets done? Why is aluminum considered “power in the form of metal?” In the latest Research @ Citi podcast, Global Head of Research Lucy Baldwin and Global Head of Commodities Research Max Layton discuss factors investors should consider across the commodities complex. This podcast contains thematic content an...

In our latest Research @ Citi podcast, U.S. Director of Research Rob Rowe sits down with Director of Latin America Equity Research Andre Mazini to discuss Latin America's markets. Topics of discussion include the global rotation trade, tariffs and trade agreements, China's influence in the region and upcoming elections. This podcast contains thematic content and is not intended to be investment re...

In our latest Research @ Citi podcast, U.S. Director of Research Rob Rowe sits down with Rob Sockin of our Global Economics team to discuss the Big Beautiful Bill being debated by Congress and the many things connected to it. Among their conversation topics are the revenue effects of tariffs and tax cuts, U.S. deficits and how markets are looking at government debt levels world-wide, and the Fed’s...

In our latest Research @ Citi podcast, Head of Research Lucy Baldwin sits down with Luis Costa, Head of Emerging Markets Strategy, to discuss Latin America and the political and economic-policy backdrop. Investors are still navigating the evolving tariffs framework for emerging markets, with central banks staying cautious. But equities have rebounded since a fairly tough 2024 and countries such as...

Rob Rowe talks with Alternative & Renewable Energy Analyst Vikram Bagri about the role of renewables in meeting the energy needs of the world. They touch on tariffs and other implications of U.S. policy, dependence on China, the innovation under way in the nuclear space, and the overall market environment for renewables. This podcast contains thematic content and is not intended to be investment r...

Rob Rowe talks with Veronica Clark of the U.S. Economics team about how the U.S. economy could be affected by tax-policy changes in the House reconciliation bill and by the imposition of tariffs. They discuss the uncertainties around these issues, how economists navigate those uncertainties, and what the Fed will be looking at in considering its monetary-policy path. This podcast contains thematic...

Anne Malone talks with U.S. Large Cap Banks Analyst Keith Horowitz about takeaways from Citi’s Beyond the Basics conference, recently held in Napa. A key focus of the conference was disruptive trends for banks and financial-services companies, with banks’ payments franchise and growth in private credit markets two topics of major concern. Deregulation was also a frequent topic of conversation in N...

European equities have gone from being “most unloved” among global equities late last year, to being a source of diversification from U.S. equities, and most recently to being a destination for roughly $26 billion of inflows so far in 2025. What is behind this remarkable comeback? Is it temporary or transformative? Does it still have legs, and what are the risks? Join host Elise Badoy as she tackl...

Anne Malone talks with communications services and infrastructure analyst Michael Rollins about doubts that have crept into the markets concerning the pace of demand growth for data centers. A number of factors are spurring these doubts, from lower-cost Large Language Models and supply limitations to uncertainties about the macro environment and tariffs. Michael explains why we’re staying positive...

Rob Rowe talks with Chief U.S. Economist Andrew Hollenhorst on his assessment of the U.S. economy following the April jobs report and May FOMC meeting. On the one hand, survey results (“soft” data) suggest that consumers are worried about job prospects and are reining in their spending, and that businesses might exercise restraint on hiring and investment. On the other hand, actual consumer spendi...

Kate Moore joined Citi Wealth earlier this year as Chief Investment Officer. In this episode, Kate shares her thoughts on the challenge of advising clients in the current market environment amid broadening signs of stress. She also offers insights on the tariff implications across key sectors such as pharmaceuticals and autos; assesses the recent equity market rotations out of the U.S. into Europe...

In this episode, we turn our attention to the U.S. food industry, which is grappling with changing consumer habits, the impact of GLP-1 drugs, the “Make America Healthy Again” campaign — and, yes, tariffs. Join host Lucy Baldwin and food products & producers analyst Thomas Palmer as they discuss how the industry has evolved since the pandemic, which trends are driving current buying habits, which...

The U.S. tariffs under President Trump have reached their highest levels in roughly a century, drawing comparisons with the Smoot–Hawley Tariff Act of 1930. But today’s economy and geopolitical fabric provide a starkly different backdrop — where central banks play a key role, where the Fed in particular must navigate a tricky path between potentially higher inflation and slower growth, and where e...

The U.S. tariffs are exerting an immediate impact on the financial markets, but they also have long-term consequences for economies — including a fundamental challenge to Europe’s longstanding export-led growth model. But as Chief European Economist Arnaud Marès argues in this episode, a shift toward domestic demand based growth had already been gaining momentum in the key economy of Germany. Join...

Artificial intelligence, or AI, is advancing at a blistering pace, impacting companies’ operating models and individuals’ daily lives. Rob Rowe, U.S. Regional Director of Research, and Atif Malik, U.S. Specialty Semiconductors Analyst, attended NVIDIA’s GPU Technology Conference in March and share their takeaways from this AI-focused event — with topics including the current phase of agentic AI an...

The new U.S. administration has moved apace in its first couple months with a full slate of executive orders. Amid all the action, policy uncertainty remains high, leaving C-suite executives and consumers alike wondering whether to make big expenditures now — or to wait and see how the policies unfold. In this episode, Head of Citi Research Lucy Baldwin talks to Chief Economist Nathan Sheets about...

Often viewed as esoteric and offbeat, crypto assets were once eschewed by traditional capital market participants. But last year’s regulatory approval and launch of spot Bitcoin and Ethereum ETFs signaled a period of broader adoption, and the U.S. in particular could be on the cusp of a regulatory regime change that could open crypto markets up to more institutional investors. Where do crypto asse...

U.S. retailers are reporting earnings for the final quarter of 2024, and so far they’re painting an overall picture of robust holiday sales. Meanwhile, frigid East Coast temperatures, tariff implications, and food inflation have made for a challenging consumer backdrop in this year’s opening quarter. In this episode, Anne Malone hosts analysts Paul Lejuez and Steve Zaccone ahead of Citi’s Global C...

Real Estate Investment Trusts, or REITs, are companies that own, operate or finance income-producing real estate. They are in a sense the “landlord of the U.S. economy”, as the properties they manage span a wide range of industries. Rob Rowe hosts this session with Nick Joseph, Citi Research’s Head of U.S. Real Estate and Lodging, to discuss the REIT sector’s current state and prospects ahead of t...