Why are markets listening to Trump?
3/24/202623 min
When President Donald Trump talks, markets listen. But why? Today on the show, Katie Martin and Rob Armstrong try to figure out if the markets really are chasing the news and if that makes any sense whatsoever. Then they discuss gold’s steep drop and an awfully suspicious trade in the oil markets. Also they go long Saturday Night Live in the UK and short being tall.
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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 secondsKatie Martin· Host0:00
[intro music] Pushkin. Markets are getting more than a little seasick. Every time the war in Iran goes from bad to worse, oil prices jump and stocks tumble. Then along comes an announcement from Donald Trump about talks with Iran pointing to a resolution. Oil drops, stocks jump, and then Iran says essentially, "What talks?" And back we head again. We're in, we're out, we're shaking all about on seemingly every headline, and honestly, still no one knows what will happen next. Although some very lucky traders in the oil market with some really exquisite timing do seem to have made some extremely good guesses and made a load of money. Today on the show, seriously, how long can we keep doing this? This is Unhedged, the markets and finance podcast from The Financial Times and Pushkin. I'm Katie Martin, a markets columnist at FT Towers in old London Town, just about holding on to my sanity and sense of humor. Joining me down the line from New York City is Rob Armstrong from the Unhedged newsletter. Listeners, please be nice to him because he has a cold. In fact, please be nice to both of us. I also have a bit of a cold. Heaven knows, we are not the hardest working people at the FT. We have colleagues putting in some superhuman efforts, but I do feel