2025-12-26
37 分钟It's the most wonderful time of the year, folks,
when investment banks and asset managers roll out their big predictions for markets in the year ahead.
Are these predictions right?
Not necessarily, but trawling through these outlooks is a fantastic way to judge the market mood.
Right now, let me tell you, that mood is very warm and fuzzy.
In 2025, markets have swatted off a whole range of horrors,
tariffs, geopolitical splits, institutional degradation, all the scary stuff.
And that means that now, even with what seems to be a big,
fat AI bubble inflating in plain sight,
investors are feeling pretty good about what markets will deliver next year.
Today on the show, we're going to run you through the key calls on Wall Street,
where the consensus is, what can go right, and of course, what can go wrong.
This is Unhedged, the markets and finance podcast from the Financial Times and Pushkin.
A very warm welcome to new listeners today who are tuning in as part of the FT's global boardroom event.
I'm Katie Martin, a markets columnist here at the FT in London,
and I'm joined by two of my favorite colleagues.
In the studio with me, I have FT markets workhorse Ian Smith.
Hi, Katie.
One of the fine people here who does the hard work of reporting on what markets are up to every day.
And my usual co-pilot, Rob Armstrong,