Podcast
Street Signals
Hosted by State Street · EN
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 for EMEA, as he discusses the most important matters moving markets with guests from State Street and industrywide.
20episodes
Episodes
Newest firstAll episodes
A New Chapter for US and China?
1w ago00:34:24Tap to summarizeThis 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 President Trump and Chinese President Xi Jinping marked a thawing of relations but considerable questions remain around how the two countries will navigate geopolitical and trade tensions. These important discussions frame a regional market backdrop remarkable for its current strength, raising questions of sustainability of the concentrated returns year-to-date.See omnystudio.com/listener for privacy information.
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The RINO In the Room: Concentration Risks in Equities
2w ago00:30:14Tap to summarizeAs 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 interest rate markets starting to show signs of dislocation, it is worth asking if the concentration of returns carries with it the seeds of its own undoing. Marija Veitmane, Head of Equity Strategy at State Street Markets, joins us to discuss the sustainability of stock market strength and whether fixed income stress will have any lasting impact on returns.See omnystudio.com/listener for privacy information.
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Are We In A New Inflation Regime?
3w ago00:32:26Tap to summarizeTo 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 inflationary dynamics, we assess the last ten years of recurring price shocks and how much inflationary regimes and the price sensitivities of retailers and consumers have changed. The current impact of another energy price shock and lingering effects of last year’s tariffs briefly feature as a sneak preview of Alberto’s eagerly anticipated current thinking. For a fuller presentation of those themes, please contact your State Street representative to register for one of our upcoming events in Asia, the Americas and Europe.See omnystudio.com/listener for privacy information.
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Strait Talk: Oil, Macro and the Political Economy
4w ago00:31:00Tap to summarizeWednesday’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-term inflation and the varying policy responses to it. Geopolitical disruptions are still going to resonate for some time. This week, we speak to Noel Dixon, Senior Macro Strategist at State Street Markets, on all these topics, and to position in FX markets accordingly.See omnystudio.com/listener for privacy information.
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US Stocks: Stick or Twist?
Apr 2300:42:29Tap to summarizeShort-term market conditions remain subject to the headlines. Long-term questions of US equity market performance and whether investors require a rethink of their asset allocation preferences are the same and as valid today as they were before the eruption of Middle East hostilities. This week, Dan Gerard, senior multi-asset strategist for State Street Markets, talks to us about a new piece on the US stock market and whether concentration and valuation risks are as acute today as they were earlier in the year.See omnystudio.com/listener for privacy information.
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Iran: Has the Market Moved On?
Apr 1600:36:49Tap to summarizeIn a decade full of seismic geopolitical events, the conflict in Iran had the potential to rank amongst the most impactful. Yet financial markets never priced it as more than a fleeting instance of volatility. And now, the most severe dislocations are almost fully closed with the onset of talks to deescalate tensions. Question marks remain over energy supplies and the macroeconomic impacts of higher equilibrium oil and gas prices. This week, Peter Vincent, head of FX trading for EMEA at State Street Markets, joins us to discuss the landscape for FX, rate and equity markets now that the dust has settled.See omnystudio.com/listener for privacy information.
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Crude Awakening: Rate Markets In An Energy Crisis
Apr 200:33:25Tap to summarizeMany of the consequences of the latest disruption to global energy supply have yet to surface. While oil has been the immediate focus, volatility across global interest rate curves is emerging as an equally consequential second-order effect. Markets are rapidly reassessing the scale and timing of inflation and growth shocks – and how central banks are likely to respond. Whether this period of upheaval deepens worries already evident in credit markets is a further concern. This week, Marvin Loh, senior strategist at State Street Markets, joins the podcast to share his outlook for rates, credit and the impacts on the global economy through the coming months.See omnystudio.com/listener for privacy information.
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Iran Macro Risks: A Fragile Equilibrium
Mar 1900:32:46Tap to summarizeAs the conflict in the Middle East enters a third week, markets remain uneasy but resilient. Lessons absorbed during past geopolitical shocks have so far kept this a slow-burn test of positioning and risk tolerance, rather than a volatility event with a specific breaking point. This week, we speak with Lee Ferridge, Head of Macro Strategy for the Americas for State Street Markets as to whether this equilibrium can hold. He notes the most relevant variables of investor positioning and activity and their current messages, if markets are correctly pricing the policy response and why the US dollar has reasserted its safe-haven status.See omnystudio.com/listener for privacy information.
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Strait Signals: Assessing the Iran War Risk Premium
Mar 1200:41:57Tap to summarizeA wider Middle East war and the closure of the Strait of Hormuz, seen for years as extreme ‘what-if’ risks, are now realities. The ranges of macroeconomic and geopolitical outcomes are as vast as they are unknowable, but reasonable future scenarios are starting to take shape. This week, we speak to Elliot Hentov, Chief Macro Policy Strategist at State Street Investment Management, about the evolving conflict in Iran and the market implications for a prolonged disruption in one of the world’s key energy chokepoints.See omnystudio.com/listener for privacy information.
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The Great Rotation: Stocks Under the Surface
Mar 500:35:07Tap to summarizeWhile geopolitical uncertainty dominates headlines, this week’s episode digs deeper into themes driving markets before the weekend’s events — particularly the sharp rotation in equities in 2026 and the reassessment of crowded AI‑linked trades and their fundamental drivers. Cayla Seder, senior multi-asset strategist at State Street Markets, speaks to the shifting market perceptions around AI, the scale of hyperscaler investment, the growing role of debt financing in the tech sector and how technology's potential to transform the economic outlook is likely to play out.See omnystudio.com/listener for privacy information.
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