Unhedged
Katie Martin, Robert Armstrong and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Every Tuesday and Thursday.

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Trading disruption

Trading disruption

Today on the show, Rob Armstrong reports from the FT Commodities Global Summit 2026, where hundreds of traders gathered to share war stories about one of the wildest markets in decades. Also, they go ...

21 Huhti 23min

Boing! Springtime for the markets

Boing! Springtime for the markets

After a nervous couple of months, markets suddenly roared to life this week, with the S&P 500 reaching a new high. Struggling shoe company Allbirds led the charge with a pivot to AI and saw its stock ...

16 Huhti 21min

Space ecstasy

Space ecstasy

Elon Musk’s SpaceX plans to go public this year in what may be the largest IPO of all time. But what is SpaceX, exactly? Today on the show, Katie Martin and Rob Armstrong speak with the FT’s west coas...

14 Huhti 23min

What has changed?

What has changed?

As President Donald Trump’s confusing messages on the Iran war seem to coalesce around a retreat, markets have risen. But are we really going back to anything like what we had before February 28? Toda...

9 Huhti 20min

Guns and butter and credit

Guns and butter and credit

Economists often compare today’s era to the 1970s, when oil prices were high and inflation was looming. But there is something to learn from the 1960s, too. Today on the show, Rob Armstrong and Hakyun...

7 Huhti 15min

How an energy crisis unfolds

How an energy crisis unfolds

World energy supplies have been disrupted by the Iran war. But how long will they take to return to normal after the war is over? Today on the show, Katie Martin and the FT’s energy editor Malcolm Moo...

2 Huhti 16min

 Is this social media's tobacco moment?

 Is this social media's tobacco moment?

A jury in a Los Angeles court has found Meta and Google liable for $6m in damages in a civil suit alleging their social media products are designed to be addictive to children. It could pave the way f...

31 Maalis 20min

The rout in UK and European bonds

The rout in UK and European bonds

The plunge in UK and European bonds has been expensive for hedge funds, whose bets have gone sideways. But it could be expensive for regular people too, at least according to Katie Martin and her gues...

26 Maalis 20min

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