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.
26episodes
Episodes
Newest firstAll episodes
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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Trading the Policy Whiplash
Feb 2600:33:16Tap to summarizeMarket volatility continues to climb in February, with a landmark Supreme Court ruling on US tariffs last week upending US trade policy in an afternoon. Questions now circle as to whether last years trade-induced USD weakness that was expected to continue into 2026 is now at risk of reversal. Meanwhile, the yen's tumble under Takaichi-nomics has resumed, equities and gold remain choppy and many long-dormant correlation relationships are starting to reassert themselves. Managing risk remains a constant challenge, as Dan Mazza, head of FX Forwards trading in the Americas at State Street Markets, highlights in this week's episode.See omnystudio.com/listener for privacy information.
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The Year of the Fire Horse: China in Focus
Feb 1900:28:24Tap to summarizeIn celebration of Lunar New Year, we take a deep dive into China’s political economy. Despite trade tensions, a weak consumer and a halting post‑COVID recovery, a powerful export boom kept China on track last year—and could do so again in 2026. Fresh off a two-week fact-finding trip across the country, Ning Sun, senior EM strategist at State Street Markets, joins us to unpack what she saw on the ground and the challenges facing the world’s biggest exporter.See omnystudio.com/listener for privacy information.
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AI, Labor Disruptions and the Future of the Fed
Feb 1200:32:33Tap to summarizeThe changing of the guard at the top of the Federal Reserve comes at a crucial time for policymakers and markets. It is far from certain whether the promise of artificial intelligence heralds an era of stronger trend growth, or if the displacement in labor markets that might result will prove more damaging. Kevin Warsh’s term as Chairman will surely be defined as much by this question as his stated desire to reorient Fed policies and its mission. To discuss all of this, we are thrilled to welcome back Simona Mocuta, Chief Economist of State Street Investment Management.See omnystudio.com/listener for privacy information.
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The Roots of Risk
Jan 2900:38:21Tap to summarizeEverybody loves an origin story, this week’s podcast has two. Featuring clips from our first episode, before the podcast even had a name, with our first guest, Fred Goodwin, a.k.a. Mr. Risk, we talk about the formative years of both the medium and the messenger. As his retirement nears, we look back over Fred’s long career as a trader, salesperson and strategist, and the many lessons learned along the way, especially on how to think about markets at their extremes. In detailing how his contrarian outlook was formed, we bring a strong sense of history to bear in thoughts on the current trends in gold, the US dollar, the Japanese yen and global equities.See omnystudio.com/listener for privacy information.
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