In this discussion, Adam Pickett, the London macro head at Citi, shares his insights on navigating the markets as we approach 2026. He highlights a 'Goldilocks' scenario for growth and moderate inflation. The conversation delves into China as an equity diversifier and the strategic advantages of sectors like tech, financials, and healthcare. Adam emphasizes the challenges of hedging in a tech bubble, suggests a neutral stance on treasuries, and forecasts a three-phase trajectory for the dollar. Lastly, he expresses a preference for base metals over gold, citing cyclical influences.
