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The Short and Long | 2026 Q3 Macro Investment Views

The Short and Long: Differentiated investment insights

15 Jul 2026

The Short and Long | CIO Weekly Bulletin

inflation

22 Jul 22026

Weekly Investment Insight

Investment Strategy

Weekly Spotlights

China Banks 2Q26E Preview: Resilient earnings
growth with big banks continuing to outperform

22 Jul 2026

With the attractive valuation and high yield currently
(4.4%/5.2% in 2026E on average for A/H share banks),
Citi Analysts believe the resilient 2Q26E results could support
China banks’ share price outperformance ahead. Citi Analysts
expect big banks/regional banks likely to deliver better 2Q26
results thanks to their stronger corporate bank franchise,
compared to retail banks which suffer from muted retail loan
growth amid ongoing household deleveraging and lingering
retail asset quality pressure.

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closeup-network-space

Korea Equities: KOSPI Target 10,000, Focusing on
Equities with High-Quality Earnings Outlook

15 Jul 2026

Citi Analysts raise KOSPI target to 10,000 (vs. 8,500
previously) based on 2.3x BPS, reflecting secular memory
earnings growth as well as strong fiscal stimulus
by Korean government.





Read more on your Citi Mobile® App’s Global Wealth Insights

global-equities

Foreign Exchange

Investment Strategy

Weekly Spotlights

NZD poised for outperformance on non-USD crosses

22 Jul 2026

It’s hard to fade the RBNZ’s near-term hawkishness, and thus
Citi Analysts expect another 25bp hike in September to 2.75%.
NZD’s likely outperformance against AUD as RBNZ raises rates
also opens up the opportunity to go long NZD against the same
peers (CAD, EUR, GBP and JPY).

Read more on your Citi Mobile® App’s Global Wealth Insights

DXY may remain in a 98-102/103 range in H2

15 Jul 2026

The Middle East conflict and accompanying safe haven inflows
into USD may have peaked. EUR and GBP remain tactically
biased to the downside, while AUD and NZD remain well
supported.

Read more on your Citi Mobile® App’s Global Wealth Insights

Citi Wealth CIO podcast is out!

The Short and Long Podcast is Citi Wealth's Chief Investment Office flagship podcast series. Hosted by Chief Investment Officer Kate Moore, each episode brings together professionals across markets, technology, and macroeconomics to deliver clear, timely perspectives on the forces shaping the investment landscape. Whether you are an investor, a business leader, or simply looking to better understand the markets, The Short and Long is our guide designed to help you navigate complexity with confidence and clarity.

Episode 2 : “A New Environment? Investing in an Age of Geopolitical & Macro Shock”

YouTube

In our second episode “A New Environment? Investing in an Age of Geopolitical & Macro Shock”, Kate is joined by Eric Van Nostrand, Chief Investment Officer of Lazard Asset Management and former Acting Assistant Secretary of the Treasury for Economic Policy, and Conrad DeQuadros, Head of Economics at Citi Wealth’s Chief Investment Office, for a conversation on whether today's market optimism is justified and what a world reshaped by supply shocks, sticky inflation, and geopolitical disruption means for how investors should be building portfolios today.

View full version of The Short and Long Podcast on YouTube, Apple or Spotify

Episode 1 : “AI Through an Investor's Lens: Looking Beyond the Hype”

YouTube

In the inaugural episode “AI Through an Investor's Lens: Looking Beyond the Hype”, Kate is joined by Heath Terry, Global Sector Head of Technology and Communications Research at Citi Research, and Jordi Visser, Head of AI Macro Nexus Research for 22V, for a wide-ranging discussion on the unprecedented impact of artificial intelligence on markets and what it means for investors today.

View full version of The Short and Long Podcast on YouTube, Apple or Spotify

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