The Unhedged Awards
21 Dec 2023
Contributed by Lukas
Today on the show, hosts Ethan Wu, Katie Martin and Rob Armstrong dole out the first-ever Unhedgies,...
Markets gone wild
19 Dec 2023
Contributed by Lukas
Last week’s Fed statements revealed that its Open Market Committee was thinking about the possibil...
Thirty-seven years of wisdom
14 Dec 2023
Contributed by Lukas
Jonathan Guthrie has been covering finance for 37 years. Today on the show, he talks with hosts Etha...
Central bank lookahead
12 Dec 2023
Contributed by Lukas
Inflation has slowed in the US, the UK, and the EU. Will this mean interest rate cuts next year? Mar...
The return of crypto
07 Dec 2023
Contributed by Lukas
Bitcoin just hit $40,000, Coinbase is up 300 per cent this year, and French bank Société Général...
Introducing Hot Money: The New Narcos
06 Dec 2023
Contributed by Lukas
The Financial Times’ award-winning podcast series Hot Money is back. In this series our reporter M...
Gold just set a record. Why?
05 Dec 2023
Contributed by Lukas
The price of gold reached a record high last week. That’s surprising, because normally the price o...
Down the liquidity hole
30 Nov 2023
Contributed by Lukas
Market watchers cannot help but notice how the stock market and money supply often track one another...
Have rates peaked?
28 Nov 2023
Contributed by Lukas
Markets have rallied almost 11 percent in November, in part on expectations that the Fed is done rai...
What the London Stock Exchange really trades
23 Nov 2023
Contributed by Lukas
The London Stock Exchange now makes most of its money selling data, and only a small percentage list...
The zombie companies
21 Nov 2023
Contributed by Lukas
As interest rates rise, funding for a lot of marginally profitable companies is drying up. These cor...
What does Walmart know?
16 Nov 2023
Contributed by Lukas
It’s earning season, and the first big news might be from Walmart, whose stock dropped 7 per cent ...
Big Tech roundup: Tesla, Nvidia, Apple and more
14 Nov 2023
Contributed by Lukas
Four months ago, the FT’s Rob Armstrong and Elaine Moore placed their bets on two portfolios of th...
A drastic solution to exploding US government debt
09 Nov 2023
Contributed by Lukas
How many bears does it take to change a lightbulb? None, it will never happen. Join us today as we d...
Pub quiz showdown: Alphaville vs Unhedged
07 Nov 2023
Contributed by Lukas
Today on the show, host Katie Martin pits two teams against one another in a historic finance trivia...
Sam Bankman-Fried takes the stand
02 Nov 2023
Contributed by Lukas
Reporter Joshua Oliver joins us just hours after the closing arguments of the fraud trial of Sam Ban...
Why so down, S&P 500?
31 Oct 2023
Contributed by Lukas
GDP numbers are strong. Wages are strong. Household debt is relatively low. So why is the stock mark...
A massive GDP number
26 Oct 2023
Contributed by Lukas
In the third quarter, the US economy, as measured by annualised GDP, grew 4.9%. In an environment of...
Is China a bargain right now?
24 Oct 2023
Contributed by Lukas
The CSI 300, which tracks the largest publicly traded companies in China, just fell to pre-pandemic ...
FTX trial update
19 Oct 2023
Contributed by Lukas
Today on the show, FT correspondent Josh Oliver joins us in the New York studio just minutes after l...
Japan’s new direction
17 Oct 2023
Contributed by Lukas
The Japanese stock market is on a tear, up 20% this year. Some of that may be due to a weakening yen...
Public problems for private equity
12 Oct 2023
Contributed by Lukas
For years, low interest rates let private equity deliver huge returns to investors. But now rates ar...
Three markets we’re watching
10 Oct 2023
Contributed by Lukas
Conflict in the Middle East is dominating the news this week. Today on the show, we’re looking at ...
The Biden scorecard
05 Oct 2023
Contributed by Lukas
We don’t really do politics, but with election season underway, candidates are arguing about the A...
The increasingly odd bond market
03 Oct 2023
Contributed by Lukas
The 10- and 30- year Treasury yields just hit their highest levels since 2007, sending prices down. ...
How high, and for how long?
28 Sep 2023
Contributed by Lukas
The markets tried denying that the Federal Reserve really would keep rates “higher for longer”. ...
The strong US dollar gets stronger
26 Sep 2023
Contributed by Lukas
The US dollar has been on a tear, just reaching a six-month high. It might be a sign investors and t...
Well, actually: Our ‘Dumb Money’ movie review
21 Sep 2023
Contributed by Lukas
Dumb Money, out this week, stars Seth Rogen, America Ferrera and several very tricky finance moves. ...
Basis trade freakout (low key)
19 Sep 2023
Contributed by Lukas
Hedge funds are piling into the basis trade — a bet on the difference between the price of Treasur...
Bonus Interview: Robyn Grew, Man Group CEO
18 Sep 2023
Contributed by Lukas
Robyn Grew is the new CEO of the Man Group, which manages more than $150 billion over multiple hedge...
Three IPOs test the market
14 Sep 2023
Contributed by Lukas
As we recorded our show, Arm, the British chip designer, was finally going public in a much-watched ...
A Tale of Two Housing Markets
12 Sep 2023
Contributed by Lukas
Inflation is hitting the US and the UK, but housing prices are going up in the US and down in the UK...
Big win for Big Crypto
07 Sep 2023
Contributed by Lukas
Grayscale Investments manages funds of digital assets – cryptocurrency – for investors. They jus...
Good job numbers and a bad attitude
05 Sep 2023
Contributed by Lukas
Summer’s nearly over, autumn is approaching, and the jobs numbers came in just right. So what are ...
The central bankers’ rodeo
29 Aug 2023
Contributed by Lukas
The central bankers of the world are just back from Jackson Hole, Wyoming, where they gathered to di...
It’s tough out there for Goldman Sachs
24 Aug 2023
Contributed by Lukas
The press has been savaging Goldman Sachs CEO David Solomon. And only the Unhedged Podcast is brave ...
Hot new bad idea
22 Aug 2023
Contributed by Lukas
Zero-day options are now almost 50 percent of the options market. But what are they? And why would a...
Disney’s Tragic Kingdom
17 Aug 2023
Contributed by Lukas
In an alternate corner of the multiverse, Disney is a family-friendly company that reliably puts out...
China slows down
15 Aug 2023
Contributed by Lukas
China’s economy has been growing faster than almost any other for a generation, so a slowdown is u...
Icahn has problems?
10 Aug 2023
Contributed by Lukas
Carl Icahn is one of the most successful investors of all time, but his bet against the US economy h...
How bonds make — and break — nations
08 Aug 2023
Contributed by Lukas
Bonds started as a tool of the state, but quickly came to determine its fortunes. Today on the show,...
Uber finally delivers
03 Aug 2023
Contributed by Lukas
After a decade, billions of dollars and almost five years on the public markets, Uber has at last tu...
The case for a soft landing
01 Aug 2023
Contributed by Lukas
Bringing down inflation can cause massive recessions. But three indicators suggest that this time it...
The billionaire charged with insider trading
27 Jul 2023
Contributed by Lukas
Joe Lewis, 86, is a billionaire. He made his money trading currency, among other things. And he like...
Big week for central banks
25 Jul 2023
Contributed by Lukas
Interest rates have driven the conversation about markets over the past year. And this week, the US ...
The private credit boom
20 Jul 2023
Contributed by Lukas
As regulators continue to worry about big and small banks, a lot of midsized companies are turning t...
Getting inflation wrong
18 Jul 2023
Contributed by Lukas
Last week’s US inflation numbers were surprisingly low, a very moderate 3 per cent. That could be ...
The 2023 Unhedged stock draft
13 Jul 2023
Contributed by Lukas
Seven stocks are powering the market: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. Ho...
Why the bond market matters now
11 Jul 2023
Contributed by Lukas
The bond market dwarfs the stock market. But for more than a decade, equities have been the subject ...
Harry Markowitz found a free lunch in finance
06 Jul 2023
Contributed by Lukas
Markowitz, a titan of finance who won the 1990 Nobel prize in economics, died last month. He showed,...
Will empty offices hurt the US economy?
29 Jun 2023
Contributed by Lukas
The persistence of working from home, the rise in interest rates, and job cuts in finance and tech a...
Does Japan’s stock market rally have legs?
27 Jun 2023
Contributed by Lukas
Japanese stocks have been on a tear this year. There are a few reasons for this: Japan looks better ...
What’s going on with car insurance?
22 Jun 2023
Contributed by Lukas
Car insurance costs in the US have shot up by 23% in the past 18 months, dwarfing the overall rise i...
Why investors hate this bull market
21 Jun 2023
Contributed by Lukas
On paper, it’s a strong market. The S&P 500 is up more than 14 per cent this year. But for...
Is crypto a security, bro?
15 Jun 2023
Contributed by Lukas
Crypto is at a crossroads. As exchanges and currencies blow up, the US Securities and Exchange Commi...
Where’s the recession?
13 Jun 2023
Contributed by Lukas
The US economy remains confusing. Markets continue to predict a slowdown but une...
Introducing Unhedged
06 Jun 2023
Contributed by Lukas
Ethan Wu, Katie Martin and other markets nerds at the Financial Times explain the big ideas behind w...