Citi's Dirk Willer on How You Know When the Bubble Is Over

In this episode of the Odd Lots podcast, Joe Weisenthal and Tracy Alloway discuss the current volatile market conditions, including concerns about tech valuations, the possibility of an AI bubble, and the uncertain outlook from the Federal Reserve. They interview Dirk Willer, head of global macro strategy at Citi, about his perspective on the market, comparing the current situation to the dot-com bubble of the early 2000s. Willer shares his methodology for identifying bubbles, discusses sentiment indicators, and suggests strategies for hedging against potential market downturns, including the use of credit instruments. The conversation also touches on the performance of gold, the EM carry trade, and the potential for the U.S. to exhibit characteristics of an emerging market.