FT News Briefing

Unhedged: Markets had an incredible year. Can that continue?

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Show notes

What went right in 2025? What could go wrong in 2026? Recorded for the FT’s digital conference The Global Boardroom, Katie Martin and Rob Armstrong talk with Ian Smith, the FT’s senior markets correspondent, about the incredible resilience of the US stock market, and the challenges ahead. Also, they go long boring companies and short KPop Demon Hunters. 


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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.


This is a repeat of an episode published on Unhedged, a sister podcast of The FT News Briefing, on Dec. 11, 2025

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