Unhedged

Why investors hate this bull market

On paper, it’s a strong market. The S&amp;amp;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:<a href="https://www.ft.com/content/d64687ad-db3f-4e82-a9dc-d1346eb2e30e" rel="noopener noreferrer" target="_blank">Stock market scramble has left investors skittish despite rally</a>Subscribe to the <a href="http://www.ft.com/unhedgedoffer" rel="noopener noreferrer" target="_blank">Unhedged</a> newsletterFollow Ethan Wu (<a href="https://twitter.com/ethanywu" rel="noopener noreferrer" target="_blank">@ethanywu</a>) and Katie Martin (<a href="https://twitter.com/katie_martin_fx" rel="noopener noreferrer" target="_blank">@katie_martin_fx</a>) on Twitter <a href="https://www.ft.com/content/abc76540-1ae9-4d34-800f-6184ab61e133" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

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 <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.