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Street Signals

State Street
Inflation
Federal Reserve
Tariffs
China
Emerging Markets
Interest Rates
Financial Markets
US Dollar
US Economy
Equity Markets
Monetary Policy
US Equities
Labor Market
Donald Trump
Technology Stocks
Investor Behavior
Dollar
Artificial Intelligence
Currency Markets
Gold

Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Markets. Leveraging new tools, proprietary data and deep expertise, the 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 fo... more

PublishesWeeklyEpisodes138Founded3 years ago
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Latest Episodes

This week we explore the evolving US-China relationship and the drivers of the stellar equity market performance in Asia this year, joined by Dwyfor Evans, Head of Macro Strategy for Asia at State Street Markets. The recent summit meeting of US Presi... more

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As impressive the recent bounce in stocks has been, it is a Rally In Name Only. Large cap tech companies dominate returns, while almost everything else - whether at a country or a sector level - continues to struggle. With inflation spiking and inter... more

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To kick off State Street’s series of global research events, we are joined by research partner Alberto Cavallo, co-founder of PriceStats and Professor of Business Administration at Harvard Business School. In this wide-ranging discussion of inflation... more

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Wednesday’s hopeful news of a possible end to hostilities in Iran and opening of the Strait of Hormuz comes just as the macro impact of events is starting to be felt and seen in economic data. A resolution does not change the realities of high near-t... more

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Recent Guests

Pete Vincent
Head of trading in EMEA
State Street Markets
Episode: Iran: Has the Market Moved On?
Fred Goodwin
Veteran trader with over 40 years of experience
State Street
Episode: The Roots of Risk
Meg Czasonis
Quantitative researcher at State Street Associates
State Street Associates
Episode: The US Dollar Time Machine: Relevant Lessons from History
Brad Setser
Senior Fellow at the Council on Foreign Relations and author of the blog Follow the Money
Council on Foreign Relations
Episode: Imbalanced Accounts: Trade and Capital in 2025 with Brad Setser
Lee Ferridge
Head of Macro Strategy for the Americas at State Street
State Street
Episode: The US Dollar Downtrend: Dawn or Denouement?
David Dredge
CIO of Convex Strategies
Convex Strategies
Episode: Convexity, Resilience and Building Better Brakes with David Dredge
Matt Smith
A value focused portfolio manager at QSM Asset Management
QSM Asset Management
Episode: Fundamentals Over FOMO: Value Investing in the Age of AI
Helen Thomas
CEO of BlondeMoney
BlondeMoney
Episode: Gilt Trip: Budgets, UK Politics and the Path of Populism
Aaron Hurd
Senior portfolio manager focused on FX at State Street Investment Management
State Street Investment Management
Episode: The Buck Stops Where? FX Risk-Proofing for the Long Term

Host

Tim Graf
Host of the show and Head of Macro Strategy for Europe (various affiliations per episode), focused on global macro themes and market strategy.

Reviews

5.0 out of 5 stars from 153 ratings
  • Worth While

    Pretty good. Guests tend to be knowledgeable and leave the corporate jargon at the door. This podcast should have a lot more reach.

    Apple Podcasts
    5
    TeePlusZero
    United States4 months ago
  • A worthwhile listen

    Tim and guests speak on a wide range of current topics and market trends. I find each weekly episode enlightening and a learning experience. Thank you for all of your efforts and taking the time to record the show each week. It is always top shelf!

    Apple Podcasts
    5
    kcsullivan1
    United States3 years ago
  • Great insights

    Great insights on market trends with quality topics. Big fan of the host!

    Apple Podcasts
    5
    Dani108.
    United States3 years ago
  • Unique data, interpreted brilliantly

    Best markets podcast available. The inflation analytics are killer and the lens on capital flows is unparalleled. All interpreted by Tim and his guests, some of the best economists on the street. Five stars.

    Apple Podcasts
    5
    WBKinlaw
    United States3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners appreciate the knowledge depth and practical market insights.
The inflation analytics and market lens are highly regarded by fans.
Guests are knowledgeable and the discourse stays away from corporate jargon.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#240
Australia/Business/Investing
Apple Podcasts
#241
Chile/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

The RINO In the Room: Concentration Risks in Equities
Q: What would need to happen for this concentration risk to become a real problem for markets?
A sustained deterioration in underlying earnings across a broad set of companies, or a shock that breaks the overhang of crowded positions, would be required. Until then, the concentration appears supported by strong earnings in the tech sector and favorable capital conditions, though risks remain if earnings disappoint elsewhere.
The RINO In the Room: Concentration Risks in Equities
Q: Can you explain what the Rhino Rally is to people?
The Rhino Rally refers to a 'Rally in Name Only' where equity markets are at highs, but returns are heavily concentrated in a few areas—mainly tech—with other sectors lagging, suggesting the broad market isn't rallying in a meaningful, broad-based way.
Strait Talk: Oil, Macro and the Political Economy
Q: What are your views on USD exposure and the policy path for different regions?
The host notes that the US economy is relatively insulated, potentially reducing pressure on hikes, while Europe and Japan face greater energy shock risk; the guest suggests the dollar could remain under pressure given global policy rate expectations and structural deficits, though short-term moves depend on central bank actions.
Strait Talk: Oil, Macro and the Political Economy
Q: What are the implications for inventories and potential demand destruction in the near term?
Inventory levels are stretched across major regions, with the US and Japan holding significant strategic reserves; demand destruction is expected to emerge as prices rise, particularly affecting air travel and consumer spending as prices move toward and beyond $4 per gallon.
Strait Talk: Oil, Macro and the Political Economy
Q: How does this energy shock compare to historical events like the 1973 oil embargo in terms of impact on energy supply and markets?
The guests explain that the current disruption is substantially larger, with about 20% of global energy supply disrupted, making it three times as severe as the 1973 embargo, and they note ongoing efforts to reroute supply through pipelines and alternative production but maintain that the Strait remains the dominant constraint.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Street Signals

What is Street Signals about and what kind of topics does it cover?

A market-focused discussant series that blends macro theory, policy, and actionable investing ideas through conversations with senior strategists, economists, and industry experts. Episodes frequently center on inflation dynamics, energy shocks, central bank policy, and the evolving role of technology and AI in markets, with practical takeaways for portfolio positioning, risk management, and asset allocation. A standout angle is the integration of high-frequency data, price dynamics, and geopolitical risk to frame cross-asset implications for equities, fixed income, currencies, and commodities, making it especially useful for institutional audiences and sophisticated investors seeking timely, data-driven views.

Noteworthy strengths include... more

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Which podcasts are similar to Street Signals?

These podcasts share a similar audience with Street Signals:

1. Macro Hive Conversations With Bilal Hafeez
2. Odd Lots
3. FICC Focus
4. At Any Rate
5. Monetary Matters with Jack Farley

How many episodes of Street Signals are there?

Street Signals launched 3 years ago and published 138 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Street Signals?

Recent guests on Street Signals include:

1. Pete Vincent
2. Fred Goodwin
3. Meg Czasonis
4. Brad Setser
5. Lee Ferridge
6. David Dredge
7. Matt Smith
8. Helen Thomas

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