The Globalizer_ A Hawkish Fed, But for How Long_

Key Points Industry or Company Involved - The document primarily focuses on the U.S. economy and various sectors, including capital goods, materials, and logistics. Core Views and Arguments - U.S. Economy Outlook: The document discusses the outlook for the U.S. economy in 2025, highlighting factors such as inflation, unemployment, and interest rates. It also examines the potential impact of the Federal Reserve's monetary policy on the economy. - Capital Goods: The document provides an outlook for the European capital goods sector, focusing on themes such as reforms, corporate actions, and the battery cycle. It also offers top picks within the sector. - Materials: The document discusses the outlook for the Chinese materials sector, emphasizing selectivity and three key themes. It also provides six stock picks within the sector. - Logistics: The document delves into the synergies from the DB Schenker integration across all four segments, estimating potential capital unlocking and efficiency gains. Other Important Points - Citi Research Equity Ratings Distribution: The document provides a breakdown of Citi Research's equity ratings distribution, including buy, hold, and sell ratings for various sectors and companies. - Thematic Equity Strategy: The document outlines Citi's 10 favorite themes for 2025, based on five pillars: valuation, growth, quality, revisions, and macro connections. - Global Macro Strategy: The document presents "The Eight Trades of Hanukkah," offering macro themes and trades relevant for the year ahead. - Important Disclosures: The document includes important disclosures regarding the research report, including conflicts of interest, data sources, and regulatory information. References - [doc id='7'] - [doc id='14'] - [doc id='17'] - [doc id='94'] - [doc id='97'] - [doc id='98'] - [doc id='99'] - [doc id='100'] - [doc id='102'] - [doc id='107'] - [doc id='110'] - [doc id='114'] - [doc id='115'] - [doc id='118'] - [doc id='119'] - [doc id='120'] - [doc id='122'] - [doc id='124'] - [doc id='126'] - [doc id='128'] - [doc id='129'] - [doc id='131'] - [doc id='133'] - [doc id='135'] - [doc id='136'] - [doc id='137'] - [doc id='138'] - [doc id='139'] - [doc id='140'] - [doc id='141']