Ozan Tarman

Ozan Tarman, Vice Chair of Global Macro at Deutsche Bank, dives into the evolving concept of U.S. exceptionalism in the investment landscape. He discusses the shift in market sentiment from tech dominance to safer assets like gold, highlighting how Trump's trade policies might signal a turning point for U.S. assets. The conversation explores the potential for the U.S. to mirror emerging markets politically and economically, raising questions about the future of American investments and the implications for global trade dynamics.

Ozan Tarman, Vice Chair of Global Macro at Deutsche Bank, discusses the fascinating dynamics behind the rising popularity of gold and U.S. tech stocks. He highlights growing skepticism towards U.S. sovereignty driving gold's rise and the tech sector's fixation, particularly on companies like NVIDIA. Ozan also shares insights on the implications of de-dollarization and fiscal dominance, while analyzing the potential of an AI-driven bubble. Furthermore, he emphasizes how daily conversations with various investors shape his understanding of market trends.

Ozan Tarman, Deutsche Bank’s vice chair of global macro, joins for a look at how major investors are navigating the Iran war. He talks about headline whiplash, why equities could squeeze higher, and why gold became a source of liquidation. They also dig into Europe’s energy vulnerability, the gap between paper and physical oil, propaganda-fueled market noise, and private credit risks spilling outward.