Investors / stance tracking
What Dirk Willer is saying
FollowFollowingUnfollowGlobal Head of Macro Strategy & Asset Allocation, Citi Research
11 dated public stances tracked since 2026-10-16, most recently 2026-10-16. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Dirk Willer's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Dirk Willer is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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11
tracked stances
9
themes
0
side flips
2026-10-16
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| BRAZILIAN REAL (BRL) | 1 | 1 bullish | 2026-10-16 | |
| COPPER | 1 | 1 bullish | 2026-10-16 | |
| EWZ | 1 | 1 bullish | 2026-10-16 | |
| European Equities | 1 | 1 bearish | 2026-10-16 | |
| GOLD | 1 | 1 bearish | 2026-10-16 | |
| KOSPI | 1 | 1 bullish | 2026-10-16 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-16
long SPX / short Investment Grade Credit
hedge
The Meb Faber Show · video
Stay long the equity bubble but hedge cheaply with short credit: spreads are already so tight they cannot tighten further, supply is endless, and credit will severely underperform when the bubble bursts and recession arrives
“credit will be a good hedge... spreads are already so tight and supply is endless”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
2026-10-16
long GOLD / long Long Dur Treasuries
basket
The Meb Faber Show · video
When the AI equity bubble peaks the Fed will cut rates aggressively toward zero and likely buy long-end Treasuries to fight the resulting deep recession, making both gold and long-duration bonds the key rotation trades at that inflection
“gold will go straight up”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
New market-friendly government removes the fiscal drag that kept real rates at 9-10%, enabling aggressive rate cuts that re-rate a commodity economy that has gone nowhere for 18 years and carries deep pessimism
“the Brazilian market will benefit both from that but also from much lower interest rates”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
2026-10-16
KOSPI
bullish
The Meb Faber Show · video
Korea is a pure AI/DRAM story with DRAM expected to stay in short supply; positioning is cleaning up after an 80% quarterly run followed by a sharp fall, making a re-entry increasingly attractive
“Korea is definitely on the list to rejoin the AI story”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
2026-10-16
European Equities
bearish
The Meb Faber Show · video
Europe lacks AI exposure, is more vulnerable to energy shocks, faces an ECB potentially overtightening without an AI boom, has a weakening currency, and French political risk — not a pick even if not outright short
“it's not that we are extremely bearish. It's just it wouldn't be a pick for us”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
AI bubble is confirmed by price-trend definition but remains early-stage with subdued retail sentiment, Fed not yet overtightening, and strong Nov-Dec seasonals that are amplified in good years
“it's a bubble. Let's buy it”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
2026-10-16
BRAZILIAN REAL (BRL)
bullish
The Meb Faber Show · video
High carry trade erodes slowly as rate cuts take time to undermine it, while domestic capital repatriation adds a currency appreciation kicker on top of the equity story
“the currency should be an added kicker to the equity storage”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
Three of four model factors favor dollar: US equity outperformance driven by AI bubble, wider US rate differentials as ECB hikes without an AI boom, and oil-driven terms-of-trade tailwind
“we have a dollar bullish bias”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
Global data momentum index is rising broadly including Europe, historically the best Sharpe environment for copper, reinforced by structural demand from AI infrastructure buildout and energy transition
“we like copper and yes I think it is still a signal too”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
2026-10-16
TWSE
bullish
The Meb Faber Show · video
Taiwan is a core AI semiconductor play and to be consistent with a positive US/AI bubble view one must be positive on Taiwan as well
“emerging Asia has to be part of the positive side of the equation”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
Short-term real rates and early Fed hiking cycle are the dominant driver and argue against touching gold now; the structural PBOC reserve-diversification bull case is real but not yet the trade
“right now they would obviously tell you don't touch it”
It's a Bubble. So Why Is Citi's Dirk Willer Buying?
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