At the “2025 Asset Management Annual Conference”, Dirk Weller, head of global macro and asset allocation research at Citibank, shared investment views on major global markets in the second half of this year. Dirk Weller first outlined Citi's views on the allocation of various types of assets: overallocation of stocks and underallocation of British stocks; a neutral attitude towards government bonds, overallocation of emerging market bonds and underallocation of Japanese treasury bonds; low allocation of European and US investment-grade credit; a neutral attitude towards commodities; shorting the US dollar and increasing the euro and some emerging market currencies. In terms of the stock market, Dirk Weller pointed out that “American exceptionalism” has clearly returned. This can be clearly seen from its performance compared to Europe and the rest of the world, and the core driving force is the return of artificial intelligence trading — the performance of the technology sector has led the US market and has become a key support.

At the “2025 Asset Management Annual Conference”, Dirk Weller, head of global macro and asset allocation research at Citibank, shared investment views on major global markets in the second half of this year. Dirk Weller first outlined Citi's views on the allocation of various types of assets: overallocation of stocks and underallocation of British stocks; a neutral attitude towards government bonds, overallocation of emerging market bonds and underallocation of Japanese treasury bonds; low allocation of European and US investment-grade credit; a neutral attitude towards commodities; shorting the US dollar and increasing the euro and some emerging market currencies. In terms of the stock market, Dirk Weller pointed out that “American exceptionalism” has clearly returned. This can be clearly seen from its performance compared to Europe and the rest of the world, and the core driving force is the return of artificial intelligence trading — the performance of the technology sector has led the US market and has become a key support.