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Global Wealth Insights

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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

5 Aug 2026

Weekly Investment Insight

Investment Strategy

Weekly Spotlights

US Semi: Citi Analysts’ upwardly revised
hyperscalers’ capex outlook may continue to
support the sector

5 Aug 2026

Citi Analysts’ outlook for Big Five cloud capex in 2026 and
2027 moved modestly higher following Jun-Q results and
remains strong, at +90% and +46% growth Y/Y, respectively.
Citi Analysts China banks’ share price outperformance ahead.
Citi Analysts view hyperscalers’ ongoing investment in AI
infrastructure as supportive of the positive outlook on
compute semis.

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closeup-network-space

Citi Analysts overweight China and Taiwan
equities

29 Jul 2026

Citi Analysts’ HSI end 2026E target is 29,600 and 5,600 for
CSI300. Citi Analysts prefer A- to H-share markets in 2H26E
given higher tech weightings in A shares. Moreover, Citi
Analysts mid-2027 index target is 53,500 which translates to
nearly 18% upside. Citi Analysts see increasing supply tightness
in upstream semiconductor, memory etc.

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

global-equities

Foreign Exchange

Investment Strategy

Weekly Spotlights

USD/CHF may rise toward 0.83-0.84 levels

5 Aug 2026

Rate and growth differentials, increased SNB intervention
threats and a weaker EUR point to further weakness in CHF
against USD to 0.83-0.84 levels. CHF also remains vulnerable
to other high-yielding FX such as AUD (which offers the
highest yield within G10).

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

Better sentiment may pressure USD in the
medium term

29 Jul 2026

Citi Analysts note that USD has increasingly traded as a
safe-haven. Given Citi global Economic Surprise Index
is at its highest level since March 2023 pointing to
better sentiment and therefore medium-term pressure
on USD.

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 3 : “AI, Quantum and Cybersecurity: From Breach to Resilience”

YouTube

In our third episode, Kate is joined by Fatima Boolani, Co-Head of Software Research at Citi and a leading expert in cyber software, and Anneka Gupta, Chief Product Officer at Rubrik, for a conversation on one of the most important and underappreciated risks in markets today — the accelerating threat of cyberattacks, and what AI, quantum computing, and agentic technology mean for the security of our data, our organizations, and our portfolios.

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

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

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