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Donald Trump
Federal Reserve
Inflation
Tariffs
China
NVIDIA
Artificial Intelligence
Financial Markets
Gold
US Economy
Interest Rates
Private Equity
United States
S&P 500
Tesla
US Dollar
Stock Market
Oil Prices
Warren Buffett
Trump Administration

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.

Hosted on Acast. See acast.com/privacy for more information.

PublishesDailyEpisodes327Founded3 years ago
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Artwork for Unhedged

Latest Episodes

The Fed held rates steady on Wednesday, and chair Kevin Warsh commented on the Federal Reserve’s future role in markets. Today on the show, Katie Martin and Rob Armstrong try to figure out if Warsh can really have the Fed he says he wants. Also they ... more

Former Federal Reserve member Stephen Miran and economist Nouriel Roubini just published a paper arguing that the US central bank should pay more attention to the supply of money. But will new Fed chair Kevin Warsh listen? Today on the show, Rob Arms... more

JPMorgan has become by far the biggest bank in the US and one of the largest in the world. But how did it do it? Today on the show, Rob Armstrong and US banking editor Joshua Franklin talk about the incredible growth of JPMorgan over the past 20 year... more

Prediction markets can tell us what everyone thinks. They can also encourage breaking the law. Today on the show, Katie Martin and Rob Armstrong take the measure of a world where you can bet on anything. Also they go long cash and long mansions in Lo... more

Key Facts

Contact Information
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Number of Listeners
Find out how many people listen to this podcast per episode and each month.

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Recent Guests

Keith Snyder
Senior Equity Analyst at CFRA Research
CFRA Research
Episode: Software stocks got crushed. Did they have it coming?
Ian Smith
Senior Markets Correspondent, FT
Financial Times
Episode: New UK prime minister, same bond market
Andrew England
FT Middle East editor
Financial Times
Episode: Can Trump make a deal with Iran?
Malcolm Moore
Energy editor at the Financial Times
Financial Times
Episode: The oil reserves dwindle
Dara MacFadden
Newbie on the Unhedged newsletter, formerly at Bank of England
Financial Times
Episode: What’s bothering bonds?
Joe Leahy
FT Beijing correspondent
Financial Times
Episode: China Shock 2.0
Richard Waters
FT tech and Silicon Valley reporter
Financial Times
Episode: Space ecstasy
Antoine Gara
FT contributor covering private markets
Financial Times
Episode: Uncomfortable moments in private credit
Brendan Greeley
Financial historian and banking expert, Princeton University
Princeton University
Episode: The case against stablecoins

Hosts

Katie Martin
Host of the show and FT markets columnist
Robert Armstrong
Co-host, markets journalist / Host of Unhedged

Reviews

4.8 out of 5 stars from 1.9k ratings
  • Don’t ever stop this show

    Love this podcast and pair more than any other podcast. Please don’t ever retire, change jobs, or stop this show. I beg you.

    Apple Podcasts
    5
    Privacy Family Man
    United States15 days ago
  • What a great show - funny, smart, well-informed

    I look forward to Tuesdays and Thursdays knowing this podcast will make me both well-informed and amused.

    Apple Podcasts
    5
    Refined Taster
    United States24 days ago
  • Unhinged

    This lovely, irreverent piece of babble is not actually a knock-off of Harry Potter and the Wonks of Finance (despite the lead characters’ resemblance), but brings all of the authenticity of the markets, aged insights, and squeaky bum times befitting a serious financial inquiry. Plus Long and Shorts! Demonstrably delightful

    (ps- it’s time to kick Ethan out of the credits, it’ll be ok)

    Apple Podcasts
    5
    miasme
    United States2 months ago
  • Talk about

    So don’t you think it’s time to talk about the profits made by war ? You know the one you started? Then align it to why you have zig zagging effect? Then align it to your corruption rackets that super rich are benefiting from? Or should we just keep ignoring the elephant in the room

    Apple Podcasts
    5
    lovealways#
    United Kingdom2 months ago
  • My Favorite Financial Podcast

    I tune in every week to listen to their market perspective. My favorite is their long / short.

    Apple Podcasts
    5
    MVTTUTX82
    United States2 months ago

Listeners Say

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

Balanced hosts with strong market knowledge and engaging banter.
Clear, data-driven market context with approachable explanations.
Listeners appreciate global perspective and timely macro coverage.
Some reviews call out repetitive AI topics but overall high engagement.
Occasional criticism about dynamics between hosts but generally high-quality analysis.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

How to surf turbulent markets
Q: What should investors do with AI-driven market gains?
Ride the AI wave but balance exposure by building a diversified, low-cost portfolio and targeting high-quality, underperforming stocks for potential longer-term gains.
Can Trump make a deal with Iran?
Q: Could a 'muddle-through' deal be a plausible outcome that buys time until a future administration?
Yes, the consensus is that a weak, incremental agreement that is easy to spin as a victory could buy time, reduce immediate tensions, and keep energy markets stable while negotiations drag on in the background.
Can Trump make a deal with Iran?
Q: What would a long-term, stable status quo look like if a deal is reached?
A possible framework involves a temporary halt on major enrichment, a staged sanctions relief package, and a credible mechanism to monitor and verify compliance, with a longer horizon for deeper nuclear agreements and regional security arrangements.
Can Trump make a deal with Iran?
Q: Is there a realistic path to a short-term agreement that could prevent further escalation while setting up longer-term talks?
The guests suggest a staged approach: first reopen the Strait of Hormuz and ease energy pressures, then advance nuclear discussions; the key challenge is achieving enough trust and a credible incentive structure for Iran to concede on its red lines.
Will markets ever care about anything?
Q: Is it silly to talk about a drift into authoritarianism, or is it a reasonable analogy given world politics?
It's a reasonable analogy because there isn't a single dramatic turning point but rather a series of smaller changes accumulating over time that collectively erode checks and balances and introduce more uncertainty into policy and governance.

Audience Metrics

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

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Frequently Asked Questions About Unhedged

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

A sharp, fast-paced market commentary show that translates macro economics, policy moves, and big-tech narratives into approachable analysis. Episodes frequently thread together geopolitics, central bank signals, and AI-driven market shifts with practical implications for investors, traders, and business leaders. The tone blends insight and humor, with a knack for explaining complex ideas through real‑world examples and timely data points. Notable strengths include a strong FT lineage, chemistry between hosts, and a willingness to challenge consensus on topics from oil and bonds to tech valuations and market structure.

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How many listeners does Unhedged get?

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How many subscribers and views does Unhedged have?

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Which podcasts are similar to Unhedged?

These podcasts share a similar audience with Unhedged:

1. The Story of Money
2. The Economics Show
3. FT News Briefing
4. FT Tech Tonic
5. The Rachman Review

How many episodes of Unhedged are there?

Unhedged launched 3 years ago and published 327 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Unhedged?

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Where can I see ratings and reviews for Unhedged?

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What guests have appeared on Unhedged?

Recent guests on Unhedged include:

1. Keith Snyder
2. Ian Smith
3. Andrew England
4. Malcolm Moore
5. Dara MacFadden
6. Joe Leahy
7. Richard Waters
8. Antoine Gara

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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