Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Global Markets. Leveraging new tool...
Last week's emergence of DeepSeek, a Chinese AI model promising transformative cost savings and strong performance relative to other large language models, posed a wide array of long-term questions. Does DeepSeek's emergence represent a game-changer for the industry? What geopolitical implications might it have? And, how impregnable are the moats around the existing, large competitors in the IT ecosystem? This week, to discuss these questions as well as the future of the AI industry, we are pleased to speak with Richard Windsor, founder and CEO of Radio Free Mobile, an independent research firm specializing in the digital and mobile ecosystem.See omnystudio.com/listener for privacy information.
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34:43
Short-Term Market Turmoil, Long-Term Building Blocks
A tricky few weeks in markets are putting several of the consensus trades to the sword. As investors grapple with mixed signals and increasing bifurcation within the global economic outlook, politics and an emerging AI arms race are becoming more prominent in driving day-to-day shifts in returns and sentiment, making the long view all the more important. In this special roundtable edition of the podcast, we sit down with Simona Mocuta, Altaf Kassam and Jenn Bender from the research and strategy team at State Street Global Advisors, getting their perspective on the macroeconomy, their preferred asset allocation framework and the building blocks that go into a durable portfolio designed for the long-term.See omnystudio.com/listener for privacy information.
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33:36
Trump vs the Bond Market: Who Blinks?
On the heels of another mediocre year for bonds, the first few weeks of 2025 have seen significant gyrations in fixed income markets. The policies of the new Trump administration speak to extended deficits and higher debt levels, bringing with them the prospect for a return of above-target inflation in the form of potential tariffs and reduced labor supply. Expectations for Federal Reserve activity are gyrating, with fewer rate cuts now expected. The tension between policy and markets has yet to break out into bond market vigilantism or sharply higher rate volatility. Whether that stasis lasts is another question. Marvin Loh, a senior strategist for State Street Global Markets focused on global rate markets, discusses the mix of these factors on the podcast this week.See omnystudio.com/listener for privacy information.
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28:59
Ron O'Hanley: What Matters for Markets In 2025
Two weeks into the New Year, the economic and market outlook for 2025 is marked by uncertainty. Ron O’Hanley, Chairman and CEO of State Street, joins the podcast to offer his perspective at this critical moment. Ron and host Tim Graf walk through the uncertainties and interdependencies arising from geopolitics, US trade and immigration policy, and global fiscal policy. Discussions of the relationships between the United States and its largest trade partners and the more global trends of de-globalization and demographics feature. They detail which risks are most meaningful for markets and policymakers, and which may prove fleeting, before concluding with a discussion of State Street’s strategic opportunities in 2025.See omnystudio.com/listener for privacy information.
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39:24
Putting the Macro Consensus Under the Microscope
The current market consensus sees equities higher, led by continued strength in the tech sector, interest rates staying at current, high levels or even rising further, and a stronger US dollar. But many of these views are already crowded and valuation challenges abound. On this week’s episode, host Tim Graf looks at where the behavioral and fundamental realities available from our proprietary indicators offer divergences from these views for stocks, bonds and FX, and where consensus thinking might fall short.See omnystudio.com/listener for privacy information.
Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Global Markets. Leveraging new tools, proprietary data and deep expertise, the Global Markets research team delivers highly valued market analysis on a daily basis to the world’s leading institutional investors. Join Street Signals' host, Tim Graf, State Street’s Head of Macro Strategy for EMEA, as he discusses the most important matters moving markets with guests from State Street and industrywide.
Ireland