Unhedged

The episode looks at a sharp sell-off in tech stocks and bonds and asks whether the AI boom is starting to unravel. Katie Martin and Rob Armstrong weigh the signs of a possible bubble bursting and consider where investors might find shelter if the mood keeps turning.

US consumers are still spending, helped by stock markets near all-time highs. This episode asks whether soaring mortgage rates and diesel prices could crack that resilience, and what a weaker economy might mean for the November midterms.

France’s borrowing costs are climbing just as presidential contenders on the far left and right appear notably relaxed about it. Katie Martin, Rob Armstrong and Ian Smith ask whether that mismatch could signal deeper eurozone trouble ahead.

This episode looks at how AI enthusiasm is propping up stocks, corporate bond issuance and even the US dollar. Rob Armstrong and Katie Martin ask what happens if too many markets are leaning on the same story.

This episode looks at how hyperscalers such as Amazon and Meta are borrowing heavily to fund data centres for the AI boom. Katie Martin, Rob Armstrong and FT reporter Emily Herbert explore what that wave of debt issuance is doing to corporate bond markets around the world.