About this episode
On paper, it’s a strong market. The S&P 500 is up more than 14 per cent this year. But for professional investors, it’s confusing. Most of the gains are driven by just seven stocks, all big tech names such as Apple and Nvidia. Take those seven out and the market is essentially flat, leaving traders wondering if they’re sitting out an AI bubble, or missing a real rally. Also, we go long gilts, which are yielding 5 per cent, and long …lettuce. Links: Stock market scramble has left investors skittish despite rally Subscribe to the Unhedged newsletter Follow Ethan Wu ( @ethanywu ) and Katie Martin ( @katie_martin_fx ) on Twitter Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.