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The Short and Long | 2026 Q2 Macro Investment Views

The Short and Long: Differentiated investment insights

08 April 2026

The Short and Long | CIO Weekly Bulletin

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21 May 2026

Weekly Investment Insight

Investment Strategy

Weekly Spotlights

Japan equities: Staying bullish, Nikkei 225 set
to break through 70,000

21 May 2026

Citi Analysts have kept up a bullish stance on Japanese equities,
but based on prevailing conditions Citi Analysts raise the projected
highs to 4,500 for TOPIX and 72,000 for the Nikkei 225.




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Global Equities: Fundamentals should take
center stage going forward

13 May 2026

A full return to “goldilocks” macro and pro-Cyclical trading
dynamics from earlier this year may prove difficult. Fundamentals
should take center stage going forward. Growth has sharply
outperformed globally. A small number of stocks (largely geared
to AI) have delivered disproportionately large share of index
gains, especially in the US.

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Foreign Exchange

Investment Strategy

Weekly Spotlights

A renewed push for global use could be a
structural tilt toward RMB appreciation

21 May 2026

A "golden window" for RMB internationalization is likely opening,
driven by geopolitical shifts and increased RMB payments.
Notably, the use of RMB in oil trade – petroyuan – could emerge
as a marginal accelerator. Citi Analysts believe a renewed push
for global use could be a structural tilt toward RMB appreciation.


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Strong export may further support the CNY

13 May 2026


April’s trade data suggest China’s external sector remains a key
growth driver. Export strength broadening across partners and
led by tech goods and autos. We expect further, albeit still
gradual RMB appreciation towards the 6.70 level against USD
in Q2 and Q3’2026.


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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 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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