市场版：宏观小食：美联储、日本、股票与套利交易

This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for information purposes only and does not constitute an offer or solicitation to purchase or sell any financial instruments. The contents of this podcast are not based on your individual circumstances and should not be relied upon as an assessment of suitability for you of a particular product, security, or transaction. The information in this podcast is based on generally available information and, although obtained from sources believed by Citi to be reliable, its accuracy and completeness are not guaranteed. Past performance is not a guarantee or indication of future results. This podcast may not be copied or distributed, in whole or in part, without the express written consent of Citi. © 2026 Citigroup Global Markets Inc. Member SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. Adam Pickett is a Head of Citi’s Global Macro Strategy team, based in London; he also works within the Asset Allocation group. Adam and team focus on broad macro themes, cross-asset class analysis, house FX forecasts, and global asset allocation. He offers trade ideas aimed at hedge funds, real money, and other macro-oriented investors. Specifically, he covers FX, fixed income, equity, credit, and commodity markets. Prior to joining the Global Macro Strategy team, Adam spearheaded Citi’s EMEA G10 FX Strategy effort, based in London, for four years, primarily focusing on generating alpha via leveraged trade ideas. Giammarco Miani is a Vice President in the Global Macro Strategy team within Citi Research based in London. Giammarco works on developing cross-asset trade ideas, macro themes and allocation views, aimed at hedge funds, real money and other macro-oriented investors. He joined the firm in 2022 as an EMEA G10 FX Strategist, before moving in the Global Macro Strategy team in 2023. Prior to joining Citi, Giammarco worked in FX Exotics at Commerzbank for more than 3 years. Giammarco holds a MSc in Financial Mathematics from the London School of Economics, and an undergraduate from the Erasmus School of Economics.