About David Bailin
David Bailin, Chief Investment Officer and Global Head of Investments at Citigroup, appeared on Bloomberg Radio on April 1, 2026, and in a July 17, 2026 interview. In the April appearance, he discussed cash yields for ultra-high-net-worth investors, stating that yields had dropped from 2.3% to 2.1% despite recent short-term rate increases. He noted that 9 to 11% of family office wealth is held in cash, which he said is not viewed as an asset class. Bailin also argued that the dollar was near a 20-year high and that it was a good time to re-enter international stocks and go short the dollar. He predicted inflation would remain near 3% for the next 12 to 18 months due to the oil situation, and said money market rates would stay attractive but not fall below 3%. He added that the best-case scenario for tariffs was a $170 billion negative impact on U.S. GDP, or three-quarters of one percent, this year and slightly less next year.
In the July interview, Bailin argued that markets had overreacted to AI fears and that investors were overestimating earnings expectations while underestimating the long-term impact of AI. He said the build-out of data centers was about one-third complete, and that falling token prices would drive higher volumes of AI utilization in areas like robotics, logistics, and call centers. He identified hyperscalers and companies that use AI as beneficiaries, while warning that commodity hardware manufacturers facing falling prices carried the greatest risk. He also noted that private equity shares were beginning to recover and that health care, which had been under pressure for two years, was showing improvement.
Source: AI-verified profile updated from David Bailin's recent appearances.
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