Gloom and boom
4/28/202623 min
The news is bad, but stocks seem happy. Today on the show, Katie Martin and Rob Armstrong unpack the market’s rally and look forward to Fed chair Jay Powell’s final comments. Also, they go short health monitors and long snooker in Iran.
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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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Transcript preview
First 90 secondsKatie Martin· Host0:00
[upbeat music] Pushkin. Money is a tough old game. Markets don't care about your feelings. They don't care about what's right and wrong and what is pure in the world. Stocks, in particular, care about how much money companies are making, how much money is flowing into the market, and that's about it. So it's actually not that weird that markets are doing fine even though we're now entering month three of the US Israeli war on Iran. The problem though is it's becoming increasingly clear that energy prices are gonna be much higher for much longer. Is this really okay, like, indefinitely? This week we got a bunch of central banks and really big company earnings reports to help us understand what it all means. So today on the show, bear with me here, is Donald Trump actually a master of getting markets exactly where he wants them? This is Unhedged, your friendly markets and finance podcast from The Financial Times. I'm Pushkin. I'm Katie Martin, a markets columnist at the FT in London, where it's warm, it's cold, it's warm again. No one knows what to wear. It's chaos. And I'm joined, through the miracle of technology, by the larger than life Mr. Robert Armstrong all the way over there in New York City. Rob, how is the Big Apple?
Robert Armstrong· Host1:26
Katie, it is a beautiful, sunny, cool