Boing! Springtime for the markets
4/16/202621 min
After a nervous couple of months, markets suddenly roared to life this week, with the S&P 500 reaching a new high. Struggling shoe company Allbirds led the charge with a pivot to AI and saw its stock leap 774 per cent. Today on the show, Katie Martin and Rob Armstrong try to figure out why investors are so excited. Also they go long kebabs and the Strait of Vermouth.
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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
Read a transcript of this episode on FT.com
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First 90 secondsSpeaker 00:00
Markets move fast. Get the insights you need in 10 minutes with Barclays Brief, a podcast from Barclays Investment Bank. Each week, our experts analyze market themes, helping you anticipate what's next. Listen to Barclays Brief wherever you get your podcasts.
Katie Martin· Host0:14
[short upbeat music] Pushkin. It looks like investors are really popping those happy pills. The Iran situation is the Iran situation. It's still bad. There's not a lot of ships moving around over there. Oil is still 50% more expensive than it was at the start of the year, so in general, it's not great. But, like, whatever. Stocks have not just recovered. In the US, they've zoomed up to new record highs, and there's some classic overexcited silly stuff going on, too. Today on the show, euphoria and joy across the land. This is Unhedged, the markets and finance podcast from the Financial Times and Pushkin. I'm Katie Martin, a markets columnist here at FT Towers in London, where spring is in full swing. Lovely stuff. And I'm joined down the line by the big man, Mr. Robert Armstrong of the Unhedged newsletter in New York City, where he's been thinking big thoughts about big tech. Rob [chuckles] are you feeling the vibes? The vibes are good. Are you feeling good?
Robert Armstrong· Host1:29
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